Aegion Announces Acquisition of Next Level Environmental
August 23 2022 - 4:25PM
Aegion Corporation, a leading provider of infrastructure
maintenance, rehabilitation, and technology-enabled water
solutions, today announced the acquisition of Next Level
Environmental, a Boston-based company. Next Level Environmental
assets and employees will now operate as part of Insituform, an
Aegion portfolio company.
Since 2018 and prior to the acquisition, Next Level
Environmental has provided underground and vacuum excavation
services with an integrated approach to managing the challenges of
aging infrastructure. The company was founded on the professional
and technical expertise accumulated over a combined 20+ years by
founders Alicia and Kevin David.
In addition to its strong East Coast relationships, the addition
of the Next Level Environmental team and resources expands Aegion’s
service offerings and enables Insituform to become a turnkey
solution provider in the New England market.
“The strategic acquisition of Next Level Environmental's talent
and resources will aid Insituform in securing new, recurring
maintenance contracts for services that our company previously
sub-contracted,” said Rob Tullman, President and CEO, Aegion. “We
look forward to bringing these specialized services to our
customers in partnership with a trusted company like Next
Level.”
Next Level Environmental employees and facilities will remain in
place operating under the Insituform name, and Aegion anticipates
growth in the near term.
“This is an exciting day for ‘Team Next Level Environmental,’”
said Kevin David, Vice President, Next Level Environmental. “Now,
as part of Insituform—the pioneers of pipe lining—we will be able
to offer quality, turnkey trenchless services from our highly
trained teams. Combining our resources and industry experience, we
will be able to quickly expand on services to support our
customers' needs. There is massive growth in the trenchless market,
and we are now positioned to be leading service providers
throughout New England.”
About Aegion CorporationAegion combines
innovative technologies with market-leading expertise to maintain,
rehabilitate, and strengthen infrastructure around the world. Since
1971, the Company has played a pioneering role in rehabilitation
solutions for aging infrastructure, primarily pipelines in the
wastewater and potable water industries. Aegion is committed to
Stronger. Safer. Infrastructure.®
More information about Aegion can be found at
www.aegion.com.
About Next Level EnvironmentalNext Level
Environmental, LLC is a professional services firm located in
Canton, Massachusetts. Founded in 2018, Next Level is built on the
professional and technical expertise accumulated over a combined
20+ years by its founders. Aegion Corporation acquired Next Level
Environmental in 2022.
For more information, contact:Aegion
Corporation Beth Kerley | Vice President,
Communicationsbkerley@aegion.com
Aegion (NASDAQ:AEGN)
Historical Stock Chart
From Sep 2024 to Oct 2024
Aegion (NASDAQ:AEGN)
Historical Stock Chart
From Oct 2023 to Oct 2024