Houlihan Lokey Advises New Mountain Capital

Houlihan Lokey is pleased to announce that New Mountain Capital, LLC (New Mountain) has acquired Aegion Corporation (Aegion) for $30.00 per share in cash, representing an Enterprise Value of approximately $1.1 billion, that resulted in Aegion becoming a private company. The transaction, which was originally signed and announced on February 16, 2021, closed on May 17, 2021.

New Mountain 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. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.

Headquartered in St. Louis, Missouri, Aegion is a leading provider of infrastructure maintenance, rehabilitation, and protection solutions. The company combines innovative technologies with market-leading expertise to maintain, rehabilitate, and strengthen infrastructure around the world. Since 1971, the company has played a pioneering role in finding transformational solutions to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, energy, mining, and refining industries. Aegion also maintains the efficient operation of refineries and other industrial facilities.

Houlihan Lokey served as a financial advisor to New Mountain.