Ropes & Gray Advises New Mountain Capital on its Acquisition of Aegion Corporation
Ropes & Gray advised affiliates of New Mountain Capital on its acquisition of Aegion Corp., a leading provider of infrastructure maintenance, rehabilitation and protection solutions, in a transaction valued at approximately $963 million. The transaction was announced on February 16, and the press release is available here.
Under the terms of the agreement, the buyer will acquire all outstanding shares of Aegion common stock for $26 per share in cash. The transaction is expected to close in the second quarter of 2021 and is subject to Aegion stockholder approval, regulatory approvals and other customary closing conditions.
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit, net lease real estate and public equity funds with over $30 billion in assets under management.
The Ropes & Gray team that represented New Mountain Capital was led by private equity partner Carl Marcellino (New York) and finance partners Stefanie Birkmann (New York) and Arek Maczka (New York), and included employment, executive compensation & benefits partner Danna Kivell (New York), private equity associate Todd Kornreich (New York), litigation & enforcement partners Ama Adams (Washington D.C.) and David Hennes (New York), private equity and M&A partner John Sorkin (New York), real estate partner Peter Alpert (Boston), tax partner Amanda Holt (Boston), and IP transactions partner Violetta Kokolus (New York).