Hill & Smith Holdings (GB:HILS) has released an update.
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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.
For further insights into GB:HILS stock, check out TipRanks’ Stock Analysis page.
