Arcosa intends to draw on revolver for Ameron Pole purchase

By Sara Rosenberg

New York, March 11 – Arcosa Inc. plans to use borrowings available under its revolving credit facility and cash on hand to fund its $180 million acquisition of Ameron Pole Products LLC from NOV Inc., according to a news release.

Closing is expected in the second quarter, subject to customary conditions and regulatory provisions.

Arcosa is a Dallas-based provider of infrastructure-related products and solutions. Ameron is a manufacturer of highly engineered, premium concrete and steel poles for a broad range of infrastructure applications.

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