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INDUU - Industrea Acquisition News Story

$10.8 0.0  0.0%

Sector
Industrials
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6850

BRIEF-Industrea Acquisition To Acquire Concrete Pumping Holdings

Fri 7th September, 2018 8:52pm
Sept 7 (Reuters) - Industrea Acquisition Corp  INDU.O :
    * INDUSTREA ACQUISITION CORP. TO ACQUIRE LEADING PROVIDER OF
CONCRETE PUMPING AND WASTE MANAGEMENT SERVICES, CONCRETE PUMPING
HOLDINGS
    * INDUSTREA ACQUISITION CORP - DEAL TO INTRODUCE CPH AS A
PUBLICLY
TRADED COMPANY WITH AN ANTICIPATED INITIAL ENTERPRISE VALUE OF
APPROXIMATELY $696 MILLION
    * INDUSTREA ACQUISITION CORP -  PROPOSED TRANSACTION WILL
INTRODUCE CPH AS A PUBLICLY TRADED COMPANY WITH NET DEBT OF
APPROXIMATELY $244 MILLION
    * INDUSTREA ACQUISITION - UPON CONSUMMATION OF DEAL,
CONCRETE
PUMPING HOLDINGS & CO WILL BECOME WHOLLY-OWNED UNITS OF A NEWLY
FORMED HOLDING COMPANY
    * INDUSTREA ACQUISITION CORP -  BRUCE YOUNG WILL REMAIN CEO
OF CPH
    * INDUSTREA ACQUISITION - UPON CLOSING OF DEAL, COMBINED CO
WILL
BE NAMED CONCRETE PUMPING HOLDINGS, INC
    * INDUSTREA ACQUISITION CORP - SECURED REQUIRED FINANCING TO
COMPLETE PROPOSED DEAL, INCLUDING A NEW $350.0 MILLION DEBT
FACILITY
    * INDUSTREA ACQUISITION CORP - MEMBERS OF CPH MANAGEMENT
AGREED TO
REINVEST A MINIMUM OF ABOUT $42.0 MILLION IN COMBINED CO
    * INDUSTREA ACQUISITION CORP -  UPON DEAL COMPLETION,
INDUSTREA'S
CEO, EXECUTIVE VICE PRESIDENTS WILL JOIN COMBINED CO'S BOARD OF
DIRECTORS
    * INDUSTREA ACQUISITION - UPON CLOSING OF DEAL, COMBINED
CO'S
COMMON STOCK ARE EXPECTED TO TRADE ON NASDAQ UNDER PROPOSED
TICKER SYMBOLS "BBCP"
    * INDUSTREA ACQUISITION - COMBINED CO'S BOARD EXPECTED TO
CONSIST
OF 9 MEMBERS, INCLUDING CPH CEO & CFO, AT LEAST 4 ADDITIONAL
INDEPENDENT DIRECTORS

Source text for Eikon:  urn:newsml:reuters.com:*:nGNXbZzY7Y
Further company coverage:  INDU.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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