Acquisitions & Expansions…Insituform Technologies
Insituform
Technologies (Chesterfield, MO)
announced definitive agreements to acquire the assets of The Bayou Companies (TBC) for $125 million and Corrpro Companies in a
merger transaction worth approximately $91 million. The company expects both
acquisitions to close by March 31. TBC,
based in New Iberia, LA, provides a variety of pipeline services to the oil and
natural gas industry and had sales of $125.7 million at the end of its last
fiscal year. Its former Shea family owners will stay on to manage the business.
Corrpro, with principal offices in Houston and Medina, OH, provides corrosion
protection and pipeline maintenance services. Insituform is a worldwide
provider of proprietary technologies for rehabbing underground piping systems
without digging.: M
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