M&A Deal Summary

Azuria Acquires Culy Contracting

On December 13, 2023, Azuria acquired construction company Culy Contracting from The Midas Companies

Acquisition Highlights
  • This is Azuria’s 4th transaction in the Construction sector.
  • This is Azuria’s 13th transaction in the United States.
  • This is Azuria’s 1st transaction in Indiana.

M&A Deal Summary
Date 2023-12-13
Target Culy Contracting
Sector Construction
Buyer(s) Azuria
Sellers(s) The Midas Companies
Deal Type Divestiture

Target

Culy Contracting

Winchester, Indiana, United States
Culy Contracting is a full-service, value-added civil construction, excavation, and maintenance specialist for power and gas transmission and distribution projects. Culy Contracting was formed in 1978 and is based in Winchester, Indiana.

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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 15 of 21
Sector (Construction) 4 of 6
Type (Divestiture) 3 of 4
State (Indiana) 1 of 2
Country (United States) 13 of 19
Year (2023) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-18 AP Civil Solutions

Spring Hill, Florida, United States

AP Civil Solutions is a full-service water and wastewater maintenance company offering pipe rehabilitation services for underground sanitary sewer, storm sewer and potable water pipes. AP Civil Solutions was founded in 2016 and is based in Spring Hill, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 ACS Coating Services

Tulsa, Oklahoma, United States

ACS Coating Services provides joint coating services through the use of proprietary robotic tools that apply protective coatings to internal and external segments of natural gas, crude oil, potable water and saltwater pipelines. ACS Coating Services was founded in 1979 and is based in Tulsa, Oklahoma.

Sell -

Seller(S) 1

SELLER

The Midas Companies

Capitol Heights, Maryland, United States
Category Company
Founded 1972
Sector Utilities
DESCRIPTION

The Midas Companies is a seamlessly integrated group of companies that provide a comprehensive range of trenchless infrastructure rehabilitation services. Midas offers a comprehensive portfolio of rehabilitation services and products for critical water, wastewater, and industrial pipe infrastructure throughout the Mid-Atlantic and southern region states. The Company’s suite of specialty services encompasses trenchless solutions, flow control and utility (traditional dig) for complete turnkey solutions. The Midas Companies was founded in 1972 and headquartered in Capitol Heights, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 Culy Contracting

Winchester, Indiana, United States

Culy Contracting is a full-service, value-added civil construction, excavation, and maintenance specialist for power and gas transmission and distribution projects. Culy Contracting was formed in 1978 and is based in Winchester, Indiana.

Buy -
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