Aegion Completes Transaction with Affiliates of New Mountain Capital to Become a Private Company
17 Maggio 2021 - 4:44PM
Aegion Corporation, a leading provider of infrastructure
maintenance, rehabilitation and protection solutions, today
announced the successful completion of the previously announced
transaction under which affiliates of New Mountain Capital, L.L.C.
(“New Mountain”) acquired all outstanding shares of Aegion for
$30.00 per share in cash.
As a result of the transaction, Aegion has become a private
company and its common stock will no longer be listed for trading
on the Nasdaq stock market. Robert (Rob) M. Tullman has been
appointed President and Chief Executive Officer of Aegion
Corporation, effective May 18, 2021, following the planned
retirement of outgoing President and Chief Executive Officer
Charles R. Gordon.
Mr. Tullman commented, “The completion of this transaction
represents the exciting first step in advancing Aegion’s compelling
near- and long-term growth prospects as an industry leader and a
protector of communities and the environment. I look forward to
working with the dedicated teams as we leverage our differentiated
portfolio of technologies and delivering transformational solutions
to maintain, rehabilitate and protect critical infrastructure
around the world.”
AdvisorsCenterview Partners LLC served as
exclusive financial advisor to Aegion, and Shearman & Sterling
LLP served as legal counsel. Jefferies and Houlihan Lokey served as
financial advisors to New Mountain Capital LLP, and Ropes &
Gray served as legal counsel.
About Aegion CorporationAegion combines
innovative technologies with market-leading expertise to maintain,
rehabilitate and strengthen infrastructure around the world. Since
1971, the Company has played a pioneering role in finding
transformational solutions to rehabilitate aging infrastructure,
primarily pipelines in the wastewater, water, energy, mining and
refining industries. Aegion also maintains the efficient operation
of refineries and other industrial facilities. Aegion is committed
to Stronger. Safer. Infrastructure.®
More information about Aegion can be found at
www.aegion.com.
About New Mountain Capital New Mountain Capital
is a New York-based investment firm that emphasizes business
building and growth, rather than debt, as it pursues long-term
capital appreciation. The firm currently manages private equity,
credit, net lease real estate and public equity funds with over $30
billion in assets under management. New Mountain seeks out what it
believes to be the highest quality growth leaders in carefully
selected industry sectors and then works intensively with
management to build the value of these companies.
www.newmountaincapital.com
For more information, contact:Aegion
Corporation Katie CasonSenior Vice President, Strategy and
Communications636-530-8000 kcason@aegion.com
New Mountain Capital Dana Gorman Abernathy
MacGregor212-371-5999dtg@abmac.com
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