Stella-Jones (SJ) was up 4% on the back of its $140M acquisition of Brooks Manufacturing, a firm specializing in the production of distribution crossarms and transmission framing components. The deal grows SJ’s utility segment…

… and its U.S. footprint…

… which should benefit from a looming grid refresh and huge power demand from data centers. Stella could be an interesting “enabling infrastructure” play - but it’s not priced like one yet.

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