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Northwest Pipe acquires Geneva Pipe for $49.4M


Northwest Pipe (NWPXacquires Geneva Pipe, a concrete pipe and precast concrete products manufacturer

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