Aegion

For the town of ancient Achaea, Greece, see Aegion (Achaea).
Azuria Water Solutions
FormerlyAegion Corporation
Company typePrivate
Nasdaq: AEGN
IndustryEnergy, construction, turnarounds, infrastructure
Founded1971; 54 years ago (1971)
HeadquartersChesterfield, Missouri, U.S.
Area served
Worldwide
ProductsComprehensive engineering, construction, safety, turnaround and maintenance services, infrastructure strengthening and protection, shielding technology, pipeline rehabilitation
OwnerNew Mountain Capital
Number of employees
6,200 (2014)
SubsidiariesAegion Coating Services, Insituform, Corrpro, Fyfe, Fibrwrap, Instituform, Underground Solutions, AllSafe, Brinderson, P2S Serv Tech, and Schultz
Websiteazuria.com

Azuria Water Solutions, formerly known as Aegion Corporation, is an American multinational company involved in the construction, maintenance, protection, rehabilitation, engineering and design of infrastructure projects for a wide range of industries, including oil and gas upstream/midstream/downstream facilities, power plants, food manufacturing, water, mining, and wastewater.[1]

Azuria's products and services protect against the corrosion of industrial pipelines and rehabilitate and strengthen water, wastewater, energy, and mining piping systems as well as buildings, bridges, tunnels and waterfront structures. The company engages in the provision of engineering, procurement, construction, maintenance, and turnaround services for various energy-related industries.

Operations

Azuria operates through three distinct platforms: Corrosion Protection, Infrastructure Solutions, and Energy Services. The Azuria family of companies include Azuria Coating Services, Corrpro, Fyfe, Fibrwrap, Instituform, Underground Solutions, AllSafe, Brinderson, P2S Serv Tech, and Schultz.

The company's business activities include engineering, construction, safety, turnaround and maintenance services, manufacturing, distribution, cured-in-place pipe (CIPP), installation, coating and insulation, cathodic protection, research and development and licensing.[2]

History

Aegion Corporation was formed in 2011 to be a parent company for Insituform and affiliates.[3] Aegion merged with New Mountain Capital in a $963 million acquisition which took the company private.[4]

References

  1. ^ Barr, Diana (June 12, 2024). "Infrastructure repair business grows with 2 acquisitions". St. Louis Business Journal. Retrieved July 14, 2024.
  2. ^ "Aegion Corporation". Offshore Technology. Retrieved July 25, 2015.
  3. ^ "Aegion Corporation New Parent Company For Insituform, Subsidiaries". Underground Infrastructure. 66 (12). December 2011. Retrieved July 14, 2024.
  4. ^ "Aegion (AEGN) to be Acquired by New Mountain for $963 Million". Nasdaq. February 18, 2021. Retrieved July 14, 2024.