Arcosa – an infrastructure-related products and solutions provider – announced that it has entered into a definitive agreement to buy Ameron Pole Products from NOV for $180 million in cash. Originally founded in 1970, Ameron is a leading manufacturer of highly engineered premium concrete and steel poles for various infrastructure applications, including lighting, traffic, electric distribution, and small-cell telecommunications. With four manufacturing facilities located strategically in Alabama, California, and Oklahoma, Ameron serves its customers with a presence nationwide. For the year ended December 31, 2023, Ameron reported revenues of about $94 million and Adjusted EBITDA of about $20 million, implying a 9x EBITDA acquisition multiple. Arcosa plans to fund the $180 million purchase price with cash on hand and borrowings available under its revolving credit facility.