Stella-Jones completes Brooks Manufacturing acquisition

Executive Summary

• Stella-Jones Inc. has completed the acquisition of the assets of Brooks Manufacturing Co. for approximately $140 million (U.S.), subject to working capital adjustments.
• Brooks Manufacturing operates a facility in Bellingham, Washington, producing treated wood distribution crossarms and transmission framing components.
• The acquisition aligns with Stella-Jones' strategy to strengthen its position as a partner for utilities and support North American infrastructure.

Key Details

• Transaction Status: Completed acquisition of assets.
• Target Company: Brooks Manufacturing Co.
• Purchase Price: Approximately $140 million (U.S.), subject to working capital adjustments.
• Target Operations: Manufactures treated wood distribution crossarms and transmission framing components.
• Target Facility Location: Bellingham, Washington.
• Target Financials: Consolidated sales for the year ended December 31, 2024, totaled approximately $84 million (U.S.).
• Strategic Rationale: Strengthens Stella-Jones' position as a partner of choice to utilities and supports infrastructure ambitions across North America.

Notable Quotes

• "We are pleased to officially welcome the Brooks team to Stella-Jones. This acquisition further strengthens our position as a partner of choice to utilities and aligns with our ambitions to support strong infrastructure across North America." — Eric Vachon, President and Chief Executive Officer of Stella-Jones.