by Brianna Crandall — July 29, 2011—Insituform Technologies recently announced the execution of a definitive agreement to acquire the North American business of Fyfe Group, LLC for a purchase price of $115.8 million. The company also was granted an option to acquire Fyfe Group’s Asian, European and Latin American operations. Insituform expects to close the North American acquisition by August 31, 2011.
Fyfe Group, based in San Diego, California, is a pioneer in the development, manufacture and installation of fiber reinforced polymer (FRP) systems for the structural repair, strengthening and restoration of pipelines (oil, gas, water and wastewater), buildings (commercial, federal, municipal, residential and parking garages), bridges and tunnels, and waterfront structures.
The company has a comprehensive portfolio of patented and other proprietary technologies and products, including its Tyfo Fibrwrap System, reportedly the only carbon fiber solution on the market meeting 2009 International Building Code (IBC) requirements. Fyfe Group’s product and service offering also includes pipeline rehabilitation, concrete repair, epoxy injection, corrosion mitigation and specialty coatings services.
Insituform Technologies, Inc. is a global provider of pipeline protection. Insituform provides proprietary technologies and services for rehabilitating sewer, water, energy and mining piping systems and the corrosion protection of industrial pipelines.
