Announced
Financials
Sources
Tags
Single Bidder
Private
United States
Pending
Specialty Contracting
Acquisition
Majority
Domestic
storage tanks
Private Equity
Friendly
Synopsis
Black Diamond Capital Management, a private equity firm, agreed to acquire the storage tanks business of Arcosa, a provider of infrastructure-related products and solutions, for $275m. “Today’s announcement represents a significant milestone in the advancement of our long-term vision to reduce the complexity of Arcosa’s overall portfolio and focus on strategic growth in select markets where we can achieve a sustainable competitive advantage," Antonio Carrillo, Arcosa President and CEO.
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