Construction M&A » By The Online Investor Staff, updated Mon., Jul. 4, 10:56 AM
Recent mergers and acquisitions in the Construction M&A category.
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Slide #14. Centric Pipe, LLC — Northwest Pipe OCTG Business
Acquirer:
Centric Pipe, LLC
Acquiree:
Northwest Pipe OCTG Business (NASDAQ:NWPX)
Details:
Northwest Pipe Company (NASDAQ: NWPX) today announced it has sold substantially all of its oil country tubular goods ("OCTG") assets to Centric Pipe, LLC, an affiliate of Dallas-based OCTG supplier SB International, Inc., for a purchase price of $42.7 million. The Company will retain ownership of, and lease to Centric Pipe its Houston, Texas real property. Centric Pipe will have the option to purchase the Houston real property at a later date.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 78th percentile
(ranked higher than approx. 78% of all stocks covered)
Analysts' Target Price: NWPX Stock Forecast Based on Zacks ABR data; powered by Xignite |
