M&A Deal Summary

Azuria Acquires Corrpro Companies

On March 31, 2009, Azuria acquired engineering company Corrpro Companies from American Capital and Wingate Partners

Acquisition Highlights
  • This is Azuria’s 1st transaction in the Engineering sector.
  • This is Azuria’s 1st transaction in the United States.
  • This is Azuria’s 1st transaction in Texas.

M&A Deal Summary

Date 2009-03-31
Target Corrpro Companies
Sector Engineering
Buyer(s) Azuria
Sellers(s) American Capital
Wingate Partners
Deal Type Add-on Acquisition

Target

Corrpro Companies

Houston, Texas, United States
Corrpro Companies, Inc. is a provider of corrosion control engineering services, systems and equipment to the infrastructure, environmental and energy markets around the world. Corrpro provides cathodic protection systems and engineering services, as well as corrosion protection services relating to coatings, pipeline integrity and reinforced concrete structures.

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Buyer(S) 1

Buyer

Azuria

St. Louis, Missouri, United States

Category Company
Founded 1971
Sector Engineering
Revenue 1.2B USD (2019)
DESCRIPTION
Entrance to Aegion's corporate headquarters in St. Louis, Missouri.
Entrance to Aegion's corporate headquarters in St. Louis, Missouri.

Azuria 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. Azuria was formed in 1971 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 1 of 28
Sector: Engineering M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 24
State: Texas M&A 1 of 1
Country: United States M&A 1 of 26
Year: 2009 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-09 Fyfe - Asian and Latin American operations

Singapore

Fyfe Group’s Asian operations, which is based in Singapore, includes its operations in Singapore, Hong Kong, Malaysia, Japan, Indonesia and Brunei. Customers in India and China will be served through an exclusive product supply and license agreement.

Buy $43M

Seller(S) 2

SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 101 of 194
Sector: Engineering M&A 3 of 5
Type: Add-on Acquisition M&A Deals 47 of 87
State: Texas M&A 8 of 15
Country: United States M&A 99 of 186
Year: 2009 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-13 Nailite International

Miami,, Florida, United States

Nailite International Inc. ('Nailite'), a niche manufacturer of molded polypropylene siding ('MPS') for the remodeling and new construction housing markets. Founded in 1978, Nailite International Inc. was the first company in the siding business to develop an injection molded siding product that replicates the appearance of the traditional siding materials of natural cedar, brick and stone, thereby offering homeowners the low cost and minimal maintenance benefits of artificial siding without having to sacrifice aesthetics.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-01 Piper Aircraft

Vero Beach, Florida, United States

Piper Aircraft, Inc. a leading manufacturer of piston engine-powered light aircraft for the general aviation and flight training markets,based in Vero Beach,Florida.

Sell -
SELLER

Wingate Partners

Dallas, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1987
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Wingate Partners is a turnaround investment firm that purchases controlling stakes in troubled manufacturing, distribution and service businesses headquartered in the US. Wingate looks to acquire under-performing companies, profitable businesses in changing or out of favor industries, and companies with incomplete management teams. Target businesses typically have revenues between $50 and $250 million. Wingate will not invest in banking, insurance, real estate, media, natural resources, and high technology. Wingate Partners was formed in 1987 and is based in Dallas, Texas.


DEAL STATS #
Overall 8 of 23
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 10
State: Texas M&A 4 of 7
Country: United States M&A 8 of 23
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-15 Stein World

Memphis, Tennessee, United States

Stein World LLC is a designer, importer, and distributor of decorative home accents including accent furniture, lamps, occasional tables, accent chairs, and mirrors. Stein World was formed in 2004 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-12 BiOrigin Specialty Products

Alpharetta, Georgia, United States

BiOrigin Specialty Products is a supplier of high-performance, specialty paper materials customized for a range of lightweight food packaging, hygiene, and consumer applications. BiOrigin Specialty Products was founded in 1924 and is based in Alpharetta, Georgia.

Buy -