mynth
04/2024

AMERON acquired by ARCOSA

UNITED STATES Chemicals & Materials / Construction Materials EV 100M - 350M USD

Context

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 to the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Ameron is a specialized industrial organization dedicated to the engineering and manufacturing of premium concrete and steel poles for critical infrastructure applications. The organization’s business model is built on providing durable, high-performance structural solutions for lighting, traffic management, electric distribution, and small-cell telecommunications. Its value proposition lies in its technical ability to produce complex structural components that meet the rigorous durability requirements of municipal and utility networks across North America. Strategically, the firm operates a decentralized manufacturing footprint with four primary facilities in the Southern and Western United States, ensuring logistical efficiency and localized project support. By integrating advanced material science with specialized casting and fabrication techniques, the firm facilitates the modernization of urban landscapes and the deployment of next-generation digital connectivity. The organization operates as a mission-critical supplier for large-scale public works and utility infrastructure projects.

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Historical Financials (USD)

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REFERENCES

Valuation range: EV 100M - 350M USD

Revenue range: 50M - 100M USD

EBITDA range: 5M - 25M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AMERON by ARCOSA are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: ameron

Acquirer: arcosa