Twitter LinkedIn
    Tuesday, May 24
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Acquisitions»Major Pipeline Firm Aegion Corp. Agrees to $963M Private Equity Buy
    Acquisitions

    Major Pipeline Firm Aegion Corp. Agrees to $963M Private Equity Buy

    February 17, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Aegion Corp., a leading provider of water, energy and industrial pipeline infrastructure construction and maintenance, has agreed to a purchase by affiliates of private equity firm New Mountain Capital LLC, the firms said Feb. 16.

    The deal is valued at about $963 million.

    Under terms of the agreement, set to close in the second quarter and subject to a stockholder vote, New Mountain would acquire all outstanding shares of Aegion common stock for $26.00 per share in cash. That is a 21% premium over the contractor’s closing stock price of $21.45 on Feb.12, the firms said.

    Aegion, based in Chesterfield, Mo., ranks at No. 82 on ENR’s Top 400 Contractors list, reporting $1.12 billion in 2019 revenue, of which $267 million was outside the US. About 53% is in industrial and energy sector work, and 45% comes from water and wastewater markets. Aegion is No. 30 on ENR’s Top 200 Environmental Firms ranking.

    Read More

    Source: ENR

    By Debra K. Rubin

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisition deals PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Vista Equity Partners Among the First Major U.S. Private Equity Firms to Advance Global ESG Strategy with Portfolio-Wide Participation in Climate Program

    May 23, 2022

    General Atlantic eyeing $2 bn investment in India, SE Asia

    May 23, 2022

    Software firm SpotOn valued at $3.6bn after Dragoneer-led funding round

    May 23, 2022

    Blackstone Credit Acquires 49% Interest in U.S. East Coast LNG Infrastructure Asset

    May 23, 2022

    Comments are closed.

    Other Articles

    Carlyle seeks to raise as much as $27 bln for latest flagship fund

    July 23, 2021

    McGuireWoods wants to diversify private equity

    February 27, 2021

    Private Equity Firms Seize on IPO Boom With Consumer Assets

    January 16, 2021

    Big ticket deals drive value of investment industry M&A

    March 15, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?