IPO of the Week: Arcosa

Arcosa, Inc is a Dallas, Texas-based growth-oriented manufacturer of infrastructure related products and services in construction, energy, and transportation markets. The company was prior the infrastructure-related business of Trinity Industries, a long-time diversified industrial veteran company since 1933. Arcosa was founded followed by the December 2017 separation plan of Trinity Industries.

Arcosa generates revenues from three business groups including: a) Construction Products Group through the sales of construction aggregates and construction site support equipment; b) Energy Equipment Group through manufacturing structural wind towers, utility steel structures and storage and distribution tanks; c) Transportation Products Group mainly through the manufacture and sales of inland barges, fiberglass barge covers and steel components for railcars and other transportation equipment.

On 11/1/2018, Arcosa began trading on NYSE followed by the spin-off from Trinity Industries (NYSE: TRN). Trinity stockholders received one share of Arcosa common stock for every three shares of Trinity common stock held as of the record date. Arcosa was included in the IPOX® 100 U.S. Portfolio on 03/15/2019 and currently weighs approximately 0.12%.