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Stella-Jones has entered into a definitive agreement to acquire the assets of Brooks Manufacturing Co., a manufacturer of treated wood distribution crossarms and transmission framing components based in Bellingham, Wa.
Founded in 1915, Brooks is a long-standing supplier to utilities with a proven track record of quality and customer service. It supplies a wide array of treated crossarms and framing components that play a vital role in ensuring the strength and reliability of overhead electrical systems.
“This acquisition is a natural fit,” said Eric Vachon, president and CEO of Stella-Jones. “The addition of Brooks bolsters Stella-Jones’ suite of solutions, enhancing its ability to meet the growing demand of utilities and unlock new growth opportunities. The acquisition reflects our strategic focus and aligns with our vision to make Stella-Jones a partner of choice to our infrastructure customers.”
The definitive agreement provides for a purchase price of approximately $140 million, subject to customary working capital adjustments. The completion of the acquisition is contingent upon closing conditions, including U.S. antitrust regulatory approval, and is expected to occur by the end of the year. Sales for Brooks’ year ended December 31, 2024 reached approximately $84 million. The company will finance the acquisition through its existing revolving credit facilities.
Stella-Jones Inc. is a leading North American manufacturer of products focused on supporting infrastructure that are essential to the delivery of electrical distribution and transmission, and the operation and maintenance of railway transportation systems. It supplies the continent’s major electrical utilities companies with treated wood and steel utility poles and steel lattice towers, as well as North America’s Class 1, short line and commercial railroad operators with treated wood railway ties and timbers. It also supports infrastructure with industrial products, namely timbers for railway bridges, crossings and construction, marine and foundation pilings, and coal tar-based products. Additionally, the company manufactures and distributes premium treated residential lumber and accessories to Canadian and American retailers for outdoor applications, with a significant portion of the business devoted to servicing Canadian customers through its national manufacturing and distribution network.
