Arcosa has successfully finalized the acquisition of 100% of Ameron Pole Products from NOV Inc. This strategic transaction marks a significant expansion of the organization's Engineered Structures segment, providing an immediate foothold in the attractive concrete and steel lighting pole market. The strategic rationale for the move centers on the high degree of complementarity between the target's traffic and telecommunication structure offerings and the group's existing industrial portfolio. By incorporating the target’s specialized manufacturing facilities and experienced management team, the group enhances its nationwide presence and reinforces its capability to support high-growth infrastructure verticals, including the rollout of 5G small-cell networks. The partnership is designed to be margin-accretive, leveraging the target's high-margin "premium" product profile and strong operational track record. This integration consolidates the group’s vision of becoming a primary technical partner for sustainable urban development and utility grid modernization. The transaction highlights the group's disciplined focus on acquisitions that offer both geographic densification and technical operational depth.

AMERON, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 10.3x average currently observed in the Industry & Manufacturing sector.

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