Southland Holdings SPAC Presentation Deck
TRANSACTION SUMMARY
Overview of
Southland
Overview of
Legato II
Motivations
for the
Transaction
Transaction
Board of
Directors
Summary
Southland Holdings, LLC ("Southland") is a leading provider of specialized infrastructure construction services across
North America including bridges, tunneling, transportation and facilities, marine, steel structures, water and sewer
treatment, and water pipelines
Legato Merger Corp II (Nasdaq: LGTO) ("Legato II") is a publicly-listed special purpose acquisition company with
~$280 million cash held in trust. Legato Il's management team has:
Successfully closed six prior SPAC transactions in the industrials space
Deep understanding of the public markets. Combined, the management team has served on the Board of 36
public companies
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Access to cash to fund and accelerate organic growth initiatives
Access to equity capital to fund potential future acquisitions
Access to cash in order to reduce debt
BUILDING GREAT THINGS
At closing, Southland's shareholders will receive:
$343 million of stock (@ $10.15 per share)
$50 million of cash
$105 million of contingent stock consideration (@$10.15 per share) over the next two years if certain
operating performance goals are achieved
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Southland will nominate 5 Board members and Legato II will nominate 2 Board members. Chairman will be Brian
Pratt, Chairman of Legato Merger II and former Chairman and CEO of Primoris Services Corp
LEGATO 7
MERGER CORP IIView entire presentation