LOS ANGELES, CALIFORNIA, September 19, 2011 – Fyfe Group, LLC was acquired by Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU). The total purchase price was approximately $115 million.
William Locher, Seth Eaton, and Jonathan Wolf of Gibbs, Giden, Locher, Turner & Senet LLP represented the seller, Fyfe Group, LLC, and provided legal services related to due diligence, negotiation of the purchase agreement, and documentation of all related aspects of the transaction. The transaction closed on August 31, 2011.
Fyfe Group, based in San Diego, California, is a pioneer and industry leader in the development, manufacture and installation of fiber reinforced polymer (FRP) systems for the structural repair, strengthening and restoration of pipelines (oil, gas, water and wastewater), buildings (commercial, Federal, municipal, residential and parking garages), bridges and tunnels, and waterfront structures.
Insituform Technologies, Inc., based in Chesterfield, Missouri, is a global leader in infrastructure protection. They provide proprietary technologies and services for the corrosion protection of industrial pipelines and for rehabilitating and strengthening sewer, water, energy, and mining piping systems.
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