EX-99.1
4
ss275206_ex9901.htm
PRESS RELEASE
Aegion Completes Transaction with Affiliates of
New Mountain Capital to Become a Private Company
ST. LOUIS - May 17, 2021 -
Aegion Corporation, a leading
provider of infrastructure maintenance, rehabilitation and protection solutions, today announced the successful completion of the previously
announced transaction under which affiliates of New Mountain Capital, L.L.C. ("New Mountain") acquired all outstanding shares
of Aegion for $30.00 per share in cash.
As a result of the transaction, Aegion has become a private company and
its common stock will no longer be listed for trading on the Nasdaq stock market. Robert (Rob) M. Tullman has been appointed President
and Chief Executive Officer of Aegion Corporation, effective May 18, 2021, following the planned retirement of outgoing President and
Chief Executive Officer Charles R. Gordon.
Mr. Tullman
commented, "The completion of this transaction represents the exciting first step in advancing Aegion's compelling near- and
long-term growth prospects as an industry leader and a protector of co
mmunities and the environment
.
I look forward to working with the dedicated teams as we leverage our differentiated portfolio of technologies and delivering transformational
solutions to maintain, rehabilitate and protect critical infrastructure around the world".
Advisors
Centerview Partners LLC served as exclusive financial advisor to Aegion,
and Shearman & Sterling LLP served as legal counsel. Jefferies and Houlihan Lokey served as financial advisors to New Mountain Capital
LLP, and Ropes & Gray served as legal counsel.
About Aegion Corporation
Aegion 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. Aegion is committed to Stronger.
Safer. Infrastructure.®
More information
about Aegion can be found at www.aegion.com.
About New Mountain Capital
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. 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. www.newmountaincapital.com
For more information, contact:
Aegion Corporation
Katie Cason
Senior Vice President, Strategy and Communications
636-530-8000
kcason@aegion.com
New Mountain Capital
Dana Gorman
Abernathy MacGregor
212-371-5999
dtg@abmac.com

EX - 99 . 1 4 ss275206 _ ex9901 . htm PRESS RELEASE Aegion Completes Transaction with Affiliates of New Mountain Capital to Become a Private Company ST . LOUIS - May 17 , 2021 - Aegion Corporation , a leading provider of infrastructure maintenance , rehabilitation and protection solutions , today announced the successful completion of the previously announced transaction under which affiliates of New Mountain Capital , L . L . C . ( " New Mountain " ) acquired all outstanding shares of Aegion for $ 30.00 per share in cash . As a result of the transaction , Aegion has become a private company and its common stock will no longer be listed for trading on the Nasdaq stock market . Robert ( Rob ) M . Tullman has been appointed President and Chief Executive Officer of Aegion Corporation , effective May 18 , 2021 , following the planned retirement of outgoing President and Chief Executive Officer Charles R . Gordon . Mr . Tullman commented , " The completion of this transaction represents the exciting first step in advancing Aegion ' s compelling near - and long - term growth prospects as an industry leader and a protector of co mmunities and the environment . I look forward to working with the dedicated teams as we leverage our differentiated portfolio of technologies and delivering transformational solutions to maintain , rehabilitate and protect critical infrastructure around the world " . Advisors Centerview Partners LLC served as exclusive financial advisor to Aegion , and Shearman & Sterling LLP served as legal counsel . Jefferies and Houlihan Lokey served as financial advisors to New Mountain Capital LLP , and Ropes & Gray served as legal counsel . About Aegion Corporation Aegion 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 . Aegion is committed to Stronger . Safer . Infrastructure . ® More information about Aegion can be found at www.aegion.com . About New Mountain Capital 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 . 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 . www.newmountaincapital.com For more information , contact : Aegion Corporation Katie Cason Senior Vice President , Strategy and Communications 636 - 530 - 8000 kcason@aegion.com New Mountain Capital Dana Gorman Abernathy MacGregor 212 - 371 - 5999 dtg@abmac.com