The McLean Group Advises The Bayou Companies on its Sale to Insituform Technologies , Inc.

New Iberia , LA,  February 6 , 2009 –  The McLean Group today announced that it a cted as a  mergers and acquisitions (M&A) advisor to  The Bayou Companies on its sale to Insituform  Technologies , Inc. (NASDAQ Global Select Market: INSU)  for approximately $ 125 million.

Bayou, a 65 year old family owned company headquartered in New Iberia, Louisiana, is a leading  provider of products and services to the oil and natural gas industries primarily in the  Gulf of  Mexico and North America.  Bayou’s products and services include internal and external pipeline  coating, li ning, weighting and insulation.

Headquartered in Chesterfield, M issouri , Insituform Technologies , Inc. is a leading worldwide  provider of piping systems for sewers, water and other underground systems. Insituform prides  itself o n minimal disruptions during its rehabilitation processes. The acquisitions will allow  Insituform to be one of few full -spectrum providers of pipeline and corrosion protection services  in North America. Insituform’s consolidated rev enue for year ending September 3 0, 2008 were  $529.4 million.

The transaction will be financed with debt and through a public equity offering.

The McLean Group’s George Trappey III acted  as the lead on this transaction and was successful  in pinning down the needs of both parties involved, “This is one of those transactions where the  parties were truly a good fit right from the start.” George Trappey III is the Managing Director of  The McL ean Group’s Louisiana  of fice located in New Iberia, Louisiana.

Chairman of The McLean Group, Dennis Roberts, believes that this transaction shows that “Despite the economy good deals are still getting done ,” and believes that middle market  transactions will continue throughout the down economic times.

ABOUT THE MCLEAN GROUP

The M cLean Group, LLC, is a national, middle-market investment bank headquartered in McLean, VA, that provides merger and acquisition (M&A), capital formation, market intelligence, business valuation, litigation support, and exit planning services. The McLean Group serves businesses generating up to $500 mi llion in annual revenues. The firm has 2 7 offices nationwide, serving domestic and international clients with a broad resume of successfully consummated financial transactions. Securities transactions are cleared through The McLean Group’s affiliate, McLean Securities, LLC, a FINRA Registered Broker Dealer and Member FINRA/SIPC.

Bayou_acqby_Insituform
Print Friendly, PDF & Email

About the Author : Adrian Toma


0 Comment
M&A Update - Fall 2020Read More
+