Valmont Industries, Inc. today announced that it has acquired full control of Walpar, LLC, an industry leader in the design, engineering and manufacturing of overhead sign structures for the North America transportation market. The transaction was funded with cash on hand, with a portion of the proceeds payable in early 2019. The company expects to achieve Year 1 EPS accretion of approximately $0.12.
Walpar has completed projects for specialty road sub-contractors and large interstate prime contractors across the United States. Located in Birmingham, Alabama, the facility has served the transportation market since 1974, and employs approximately 70 people. As of July 31, 2018, Walpar had trailing 12-month revenues of approximately $22 million. The senior management team will continue to lead the business.
Omaha, Nebraska-based Valmont Industries, Inc. is a global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture. Valmont also provides coatings services that protect against corrosion and improve the service lives of steel and other metal products.