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New Deal


Announced

Southland Holdings to go public via a SPAC merger with Legato Merger II in a $498m.

Financials

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Transaction Value£405m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Construction Services

Domestic

Reverse Takeover

Friendly

Acquisition

civil construction

De-SPAC

Majority

Pending

Single Bidder

United States

Merger

Synopsis

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Southland Holdings, a multifaceted heavy civil construction firm, agreed to go public via a SPAC merger with Legato Merger II in a $498m. “In a period of unprecedented need for infrastructure spending, this transaction would provide Southland with the necessary resources to accelerate future growth and take advantage of the significant opportunities ahead of us. Our position and in-house capabilities securely place Southland in an optimal position to build critical infrastructure projects over the next several decades. We look forward to partnering with Legato II’s team and continuing to deliver vital, world class infrastructure engineering and construction services,” Frank Renda, Southland CEO.

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