Arcosa closes $180M acquisition of Ameron Pole Products; expands into lighting poles

Arcosa, Inc.

Acquired Ameron Pole Products from NOV Inc. for $180 million.
Ameron generated ~$94M revenue and ~$20M Adjusted EBITDA in 2023.
Funded with cash on-hand and $160M from revolving credit facility.
Expands traffic/telecom structures; enters concrete and steel lighting pole market.
Full-year 2024 guidance to be updated with Q1 results release.

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