10:05 AM EDT, 03/11/2024 (MT Newswires) -- Arcosa ( ACA ) said Monday it has agreed to acquire Ameron Pole Products from NOV (NOV) for $180 million in cash.

The infrastructure and engineering company expects to fund the deal with a combination of cash on hand and loans under its revolving credit facility. The deal has been approved by both company's boards and is expected to close in Q2, subject to customary closing conditions and antitrust regulatory clearances.

Ameron, a specialty manufacturer of concrete and steel poles, operates facilities in Alabama, California and Oklahoma.

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