American Securities Enhances Growth Through Strategic Acquisition

American Securities Completes Acquisition of IGS
American Securities LLC, a prominent name in U.S. private equity, has successfully finalised its acquisition of Integrated Global Services, Inc. (IGS), a move expected to significantly enhance both companies' growth strategies. This transaction is believed to support American Securities' efforts in expanding innovative solutions dedicated to efficiency and reliability within the industrial sector.
About Integrated Global Services, Inc.
Integrated Global Services, founded in 1975, stands as a global leader in providing cutting-edge efficiency and reliability solutions, predominantly servicing the industrial and energy sectors. IGS is renowned for its proprietary industrial surface enhancement solutions, which play a crucial role in promoting asset integrity and environmental sustainability.
Global Presence and Impact
Operating in over 70 countries and serving more than 500 customers worldwide, IGS demonstrates a broad impact on various industries. Their advanced solutions are designed to tackle challenges related to metal wastage and energy efficiency, ensuring that mission-critical equipment operates at peak performance. This acquisition aligns with American Securities’ vision, showcasing a commitment to enhancing operational excellence in key market segments.
Leadership Comments on the Acquisition
Rich Crawford, President and CEO of IGS, voiced his enthusiasm about this new chapter: "Our partnership with American Securities is an exciting opportunity to accelerate our growth trajectory. Their industry insight and resources are vital as we aim to expand our market reach and enhance our solutions collectively."
Strategic Vision for Future Growth
Michael Sand, Managing Director at American Securities, echoed this sentiment, stating, "We recognize the remarkable business IGS has cultivated and are excited about their potential for continued growth. Our collaboration aims to amplify IGS's custom solutions across various industries, fostering an environment of innovation and service excellence."
Financial Advisors and Legal Support
The acquisition has been supported by experienced financial and legal advisers. Houlihan Lokey served as lead financial advisor for IGS, while Stifel acted as co-advisor. Legal guidance was provided by Jones Day. For American Securities, Harris Williams played the role of financial advisor, and Kirkland & Ellis provided legal counsel throughout the transaction process.
American Securities Overview
American Securities, headquartered in New York, is distinguished for its investment strategies focused on North American companies with revenues typically ranging from $200 million to $2 billion. Currently managing over $23 billion in assets, American Securities has established itself as a trusted partner for businesses looking to enhance their operational capabilities and market presence.
About Integrated Global Services
IGS is committed to delivering high-quality, on-site surface protection solutions, leveraging over 35 years of industry experience. The company excels in developing solutions that address critical challenges in demanding operating conditions, showcasing its industry leadership and dedication to enhancing client outcomes.
Frequently Asked Questions
What is the primary focus of American Securities?
American Securities focuses on investments in market-leading North American companies, particularly in the industrial sector.
Who is the CEO of Integrated Global Services?
Rich Crawford is the President and CEO of Integrated Global Services.
What markets does Integrated Global Services operate in?
IGS operates in various markets including industrial, energy, and power generation, serving clients globally.
What benefits does the acquisition aim to deliver?
The acquisition aims to enhance growth, boost innovation, and improve service offerings in efficiency solutions.
Who were the advisors in the acquisition process?
Financial and legal advisors for the acquisition included Houlihan Lokey, Stifel, Jones Day, Harris Williams, and Kirkland & Ellis.
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