M&A Deal Summary

New Mountain Capital and Alberta Investment Management Acquires Aegion

On February 16, 2021, private equity firm New Mountain Capital and pension Alberta Investment Management Corporation (AIMCo) acquired engineering company Aegion Corp. for 963M USD

Acquisition Highlights
  • This is New Mountain Capital’s 3rd and Alberta Investment Management’s 1st transaction in the Engineering sector.
  • This is New Mountain Capital’s 5th and Alberta Investment Management’s 7th largest (disclosed) transaction.
  • This is New Mountain Capital’s 65th and Alberta Investment Management’s 10th transaction in the United States.
  • This is New Mountain Capital’s 2nd and Alberta Investment Management’s 1st transaction in Missouri.

M&A Deal Summary

Date 2021-02-16
Target Aegion Corp.
Sector Engineering
Buyer(s) New Mountain Capital
Alberta Investment Management Corporation (AIMCo)
Deal Type Going Private
Deal Value 963M USD
Advisor(s) Centerview Partners LLC (Financial)
Shearman & Sterling LLP (Legal)

Target

Aegion Corp.

St. Louis, Missouri, United States
website
Entrance to Aegion's corporate headquarters in St. Louis, Missouri.
Entrance to Aegion's corporate headquarters in St. Louis, Missouri.
Aegion engages in infrastructure protection and provides proprietary technologies and services for the corrosion protection of industrial pipelines and for rehabilitating and strengthening sewer, water, energy and mining piping systems, buildings, bridges and tunnels and waterfront structures. Aegion was formed in 1971 and is based in St. Louis, Missouri.

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Buyer(S) 2

Buyer

New Mountain Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 2000
PE ASSETS 20.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 69 of 77
Sector (Engineering) 3 of 3
Type (Going Private) 3 of 3
State (Missouri) 2 of 2
Country (United States) 65 of 73
Year (2021) 2 of 7
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Accolite, Inc.

Addison, Texas, United States

Formed in 2007, Accolite Digital is a provider of cloud and digital product engineering services across the banking and financial services, technology, healthcare, communications and media, and logistics industries. Headquartered in Addison, Texas, Accolite helps its customers successfully navigate their digital transformation journeys by providing digital product engineering, cloud services, data engineering, DevOps, customer experience, and design services. With over 1,600 professionals globally, Accolite has a presence across the United States, Canada, and Europe and has digital labs in Bangalore, Hyderabad, Gurugram, and Chennai.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 Blue Yonder, Inc.

Scottsdale, Arizona, United States

Blue Yonder is end-to-end, digital fulfillment platform provider in artificial intelligence and machine learning (AI/ML) driven supply chain and retail solutions for 4,000 of the world’s leading retail, manufacturing and logistics companies. Blue Yonder enables an Autonomous Supply ChainTM by connecting its cognitive SaaS solutions from end-to-end — across planning, execution and delivery — with a broad partner ecosystem, empowering customers to better predict and shape demand, transform their product delivery and deliver outstanding customer experiences. Blue Yonder’s world-class client brands include 75 of the top 100 retailers, 77 of the top 100 consumer goods companies, and 8 of the top 10 global 3PLs. Blue Yonder was founded in 1985 and is based in Scottsdale, Arizona.

Sell $8.5B
Buyer

Alberta Investment Management Corporation (AIMCo)

Investor Investor Investor Investor Investor

website


Category Pension
Founded 2008
PE ASSETS 4.5B CAD
SizeMega
Type Sector Agnostic
DESCRIPTION

Alberta Investment Management Corporation (AIMCo) is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.


DEAL STATS #
Overall 23 of 26
Sector (Engineering) 1 of 1
Type (Going Private) 2 of 3
State (Missouri) 1 of 1
Country (United States) 10 of 13
Year (2021) 2 of 5
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Recipharm AB

Stockholm, Sweden

Recipharm is a global Pharma CDMO providing a full-service offering to leading Pharmaceutical companies and Biotechs globally. Recipharm was founded in 1995 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-11 Hayward Industries, Inc.

Berkeley Heights, New Jersey, United States

Hayward Industries is a manufacturer of residential and commercial pool equipment and industrial flow control products. Hayward markets a full line of energy efficient pool and spa equipment including pumps, filters, heaters, cleaners, salt chlorinators, automation, lighting, safety, and flow control products. Hayward Industries is based in Berkeley Heights, New Jersey.

Sell -