Arcosa Inc. (NYSE: ACA), a provider of infrastructure-related products and services, has completed its acquisition of Ameron Pole Products LLC from NOV Inc. (NYSE: NOV) for $180 million.
Founded in 1970, Ameron is a manufacturer of concrete and steel poles for a range of infrastructure applications, including lighting, traffic, electric distribution and small-cell telecom. With four manufacturing facilities located in Alabama, California and Oklahoma, Ameron serves its customers with a nationwide presence.
“Ameron expands our product offerings in traffic and telecom structures and establishes our foothold in the attractive concrete and steel lighting pole market,” states Antonio Carrillo, president and CEO, Arcosa. “This transaction accelerates the long-term growth profile of our Engineered Structures segment, while underscoring our disciplined acquisition strategy.
Weil, Gotshal & Manges LLP served as legal advisor to Arcosa.