Stella-Jones enters definitive deal to acquire Brooks

Executive Summary

• Stella‑Jones Inc. entered into a definitive agreement to acquire the assets of Brooks Manufacturing Co. for an approximate purchase price of US$140 million.
• The acquisition expands Stella‑Jones’ utility product portfolio, adding treated wood cross‑arms and transmission framing components and leveraging its distribution network.
• Financing will be sourced from existing revolving credit facilities; closing is expected by year‑end pending antitrust approval.

Key Details

• Target: Brooks Manufacturing Co., a U.S. supplier of treated wood distribution cross‑arms and transmission framing components located in Bellingham, WA.
• Purchase Price: Approximately US$140 million, subject to customary working‑capital adjustments.
• Closing Conditions: Subject to United States antitrust regulatory approval; anticipated closing by end of 2026.
• Historical Sales: Brooks reported sales of approximately US$84 million for the year ended December 31, 2024.
• Financing: Acquisition will be funded through Stella‑Jones’ existing revolving credit facilities; no new debt or equity issuance disclosed.
• Strategic Rationale: Enhances Stella‑Jones’ utility‑sector offerings, broadens product suite, and creates cross‑selling opportunities within its established sales and distribution network.

Notable Quotes

“This acquisition is a natural fit,” said Eric Vachon, President and CEO of Stella‑Jones. “The addition of Brooks bolsters Stella‑Jones's suite of solutions, enhancing its ability to meet the growing demand of utilities and unlock new growth opportunities.”