Arcosa, Inc. Completes Sale of Barge Business
Advances Portfolio Simplification and Streamlines Strategic Focus on Core Growth Platforms
Arcosa, Inc. (NYSE:ACA) ("Arcosa" or the "Company"), a provider of infrastructure-related products and solutions, today announced the completion of the sale of its inland barge business, Arcosa Marine Products, Inc., to Wynnchurch Capital, L.P. for $450 million in cash, subject to customary transaction adjustments. The Company intends to use the net after-tax proceeds to invest in the expansion of its core growth platforms and reduce outstanding debt.
Antonio Carrillo, President and CEO of Arcosa commented, "Completion of this transaction is a significant milestone that further reduces complexity
