M&A Deal Summary

Azuria Acquires Portland Utilities Construction

On July 31, 2023, Azuria acquired construction company Portland Utilities Construction

Acquisition Highlights
  • This is Azuria’s 3rd transaction in the Construction sector.
  • This is Azuria’s 9th transaction in the United States.
  • This is Azuria’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2023-07-31
Target Portland Utilities Construction
Sector Construction
Buyer(s) Azuria
Deal Type Add-on Acquisition

Target

Portland Utilities Construction

Portland, Tennessee, United States
Portland Utilities Construction is an underground utility contractor that provides pipe rehabilitation servicing municipal clients across the Southeast and Texas.

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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 11 of 21
Sector (Construction) 3 of 6
Type (Add-on Acquisition) 9 of 17
State (Tennessee) 1 of 1
Country (United States) 9 of 19
Year (2023) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 Standard Pipe Services

Newark, Delaware, United States

Standard Pipe Services specializes in the cleaning, televising, and trenchless repair of storm and sanitary sewer pipes and appurtenances. Standard Pipe Services was formed in 1976 and is based in Newark, Delaware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-14 C&L Water Solutions

Littleton, Colorado, United States

C&L Water Solutions is a full-service trenchless pipeline rehabilitation service provider. The company repairs, maintains, operates, and rehabilitates critical water and wastewater infrastructure in a variety of regions throughout the western United States. C&L Water Solutions was founded in 1979 and is based in Littleton, Colorado.

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