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American Industrial Partners' Brock Group Completes Acquisition Of Aegion'S Energy Services Businesses: Brinderson, Schultz & Allsafe

Nov 02, 2022about 3 years ago

Acquiring Company

The Brock Group

Acquired Company

Strategic Equity Energy

HoustonWashingtonOil And GasEnergyGovernment

Description

American Industrial Partners ("AIP") and the Brock Group ("Brock") today announced the acquisition of Aegion Energy Services ("AES"), headquartered in Rancho Dominquez, CA.

Company Information

Company

The Brock Group

Location

Houston, Texas, United States

About

The Brock Group is a premier provider of multi-craft specialty services for industrial and commercial businesses across North America. Headquartered in Houston, Texas, Brock supports a wide range of sectors—including petrochemical, refining, power generation, offshore, heavy manufacturing, pipelines and transmission, nuclear, pulp and paper, LNG, pharmaceuticals and technology infrastructure —serving customers throughout the United States and Canada. With a workforce over 13,000, Brock delivers critical services for routine maintenance, turnarounds, and capital projects by providing scaffolding and work access, insulation, coatings and linings, and asbestos abatement. The group of companies also offers mechanical service expertise and execution across the western U.S., along with a suite of complementary services tailored to meet evolving customer needs.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed