Arcosa (ACA) to Boost Infrastructure Presence With Ameron Buyout
ACAArcosa(ACA) Zacks Investment Research·2024-03-13 01:16

Arcosa, Inc. (ACA) inked a deal with NOV Inc. (NOV) to acquire Ameron Pole Products, LLC for $180 million. The purchase will be funded through cash and available revolver capacity. The move will enhance Arcosa's presence in key infrastructure markets and is expected to boost overall company margins. It also represents ACA's entry into the complementary concrete and steel pole lighting market, further expanding its position in traffic and telecommunication structures. The acquisition aligns with Arcosa’s str ...