Aegion completed the acquisition of Underground Solutions for $85m.

Aegion, an infrastructure company, completed the acquisition of Underground Solutions, an innovative provider of proprietary fusible PVC technology for the rehabilitation of pressure pipelines, for $85m. “Underground Solutions’ patented PVC pipe and pipe fusing technologies, which uniquely complement our Insituform® and Tyfo®/Fibrwrap® customer solutions, will enable Aegion to further advance our strategy to expand in the trenchless pressure pipe rehabilitation market. We are especially pleased to have several key members of Underground Solutions’ senior management team, who average more than 20 years of industry experience, join Aegion. These individuals will form an expanded team within our Infrastructure Solutions platform dedicated to this promising end market.” Charles R. Gordon, Aegion President and Chief Executive Officer.