What does insituform do?
Insituform® CIPP has been used for more than 50 years to protect pipelines, restore structural integrity, reduce infiltration, eliminate leaking joints, improve water quality and increase pipeline flow capacity.
Who bought Insituform?
New Mountain Capital LLC
CHESTERFIELD — Water and energy pipeline infrastructure company Aegion Corp. said Tuesday that New York-based investment fund New Mountain Capital LLC was buying it in a $963 million deal.
What is the meaning of aegion?
Aegion derives its meaning from Aegis, the shield carried by Zeus in ancient Greek mythology.
What is pipe Lining in plumbing?
This lining is a flexible tube coated with resin that is blown or pulled into the damaged pipe and inflated. The resin then hardens, creating a pipe within a pipe that is jointless. This trenchless method is cost effective but does limit the diameter of your sewer pipe and is subject to corrosion from harsh chemicals.
Is aegion a public company?
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.
How much is Aegion worth?
Aegion Corporation AEGN recently entered into a merger agreement with the affiliates of New Mountain Capital, L.L.C. The transaction is valued at approximately $963 million. With the completion of the transaction — which is expected in the second quarter of 2021 — Aegion will become a private company.
Who owns New Mountain?
New Mountain Capital Group, L.P.New Mountain Capital / Parent organization
Who founded New Mountain Capital?
Steven Klinsky
Steven Klinsky established New Mountain Capital in 1999. Prior to founding New Mountain Capital, Mr. Klinsky was co-founder of the Leverage Buyout Group of Goldman Sachs & Co. (“Goldman”) (1981-1984), where he helped execute over $3 billion of pioneering transactions for Goldman and its clients.
Is sewer relining worth it?
replacement, pipe relining has a lot of benefits going for it and is an excellent method for pipe repair. From cracks to damage from tree roots, pipe relining can repair it all. It is more cost-effective than pipe replacement by drainage excavation and can be completed in a day for most cases.