Bank of America Investment Banking Pitch Book
Go-Shop Considerations
Potential Strategic Buvers
Name
AEGION™
DYCOM
INDUSTRIES THE
EMCOR
ferrovial
GRANITE
KALPA-TARU
POWER TRANSMISSION
Potentially
Reduced
Disclosure (²)
Enterprise
Value ($MM)
$1,137
1,389
2,704
23,635
1,412
707
Company Contact
LOX For more investment banking materials, visit www.10xebitda.com
David Martin
CFO
David Morris
SVP, General Counsel
Steve Nielson
CEO
Anthony Guzzi
CEO
Iñigo Meirás
CEO
Santiago Olivares
Ferrovial Servicios CEO
Jim Roberts
CEO
Manish Moh not
Executive Director
1
N
2
M
■
■
Source: FactSet as of August 1 2014.
(4) Pioneer management has recommended to initially restrict compatitively sensitive information to parties with strategic interest in the sector.
22
Rationale to Include
Bank of America
Merrill Lynch
Actively pursuing acquisitions, although electrical T&D less
of a focus
CEO recently resigned
Pioneer would add diversification
Recently acquisitive
National E&C player with broad services portfolio
Recently acquired RepconStrickland (turnaround
maintenance, engineering and construction services to
energy companies)
Actively looking for acquisitions in North America
Expressed interest in industrial services assets, particularly
around electrical T&D
Typically do not pay full multiples
Recently entered T& D market with acquisition of Kenny
Construction
Have targeted this end market for further investment and
growth
Has been actively looking for acquisitions in America
Familiar with electrical T&D assets
Looking to build business in U.S. that has both a service and
manufacturing componentView entire presentation