The deal is reportedly valued at ~$49.4M
This acquisition expands Northwest Pipe Company’s water infrastructure product capabilities by adding additional reinforced concrete pipe capacity and a full line of precast concrete products
Geneva has ~140 employees and had revenues of ~$43M in 2019; operations will continue with their current management and workforce at Geneva’s three Utah manufacturing facilities.
The company says that the acquisition will be immediately accretive to its financial results
Source: M A News on Seeking Alpha