Hill & Smith Expands with Trident Acquisition

Hill & Smith Holdings (GB:HILS) has released an update.

Hill & Smith PLC, a leading sustainable infrastructure products and services provider, has acquired Trident Industries for an initial $13.5 million, with additional future payments up to $32.5 million, contingent on revenue. Trident, a North American supplier of composite utility poles, aligns well with Hill & Smith’s strategy to strengthen its position in the US electricity transmission and distribution market. The acquisition is expected to be earnings enhancing in 2024 and is funded through existing borrowing facilities.

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