Investor Presentaiton
RECENT STRATEGIC ACQUISITIONS
GENEVA
PIPE AND
PRECAST
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Completed the acquisition of Geneva Pipe and Precast on January 31, 2020 for $49.4 million
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Concrete pipe and precast concrete products, plants located in Utah
Products used for waste and storm water applications by cities, municipalities and local governments
Development of innovative products and extend the life of concrete pipe and manholes for sewer applications
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TRANSACTION RATIONALE
Significantly expands addressable market
Serves smaller scale, more transactional projects
Cross-sell products across combined footprint
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PARKUSA
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Strong financial performance with attractive profit margins and top-line growth
Scalable business model with faster cash conversion cycle
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Strong brand reputation and relationships in the industry
Completed the acquisition of ParkUSA on October 5, 2021 for $88.41 million
Technology leader in water infrastructure
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Focused on precast concrete and steel fabrication based water products
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Stable, more transaction oriented revenue model with solid margin characteristics
Solutions provider with strong brand reputation and customer relationships
Approximately 280 employees at December 31, 2020 with annual revenues of $66.5 million
Founded in Houston, Texas in 1984 by the Eberly family
TRANSACTION RATIONALE
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Opportunity to continue expansion into precast and adjacent water segments
Attractively positioned with a foothold in Texas water market
Scalable product mix serves a diverse range of end markets
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Roll-out strategy introduces ParkUSA process to existing Northwest Pipe locations
1. subject to a post-closing adjustment based on changes in net working capital.
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