Magnus Pacific Corporation has been sold to Great Lakes Dredge & Dock Corporation
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Magnus Pacific Corporation (“Magnus Pacific” or the “Company”) has been sold to Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD; “Great Lakes”).
Founded in 2009 and based in Sacramento, California, Magnus is a leading provider of geotechnical and environmental solutions in the Western U.S. The Company has a wide range of competencies, including levee rehabilitation and repair, slurry wall construction, mine reclamation, ground stabilization and wetlands improvements. As a result of Magnus Pacific’s extensive experience in the environmental services market, the Company has established a reputation synonymous with exceptional service, best-in-class technical solutions, unmatched flexibility and superior execution.
Lincoln acted as the exclusive sell-side advisor to Magnus Pacific, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.
Louay Owaidat, President and Chief Executive Officer of Magnus Pacific, commented, “Lincoln’s unique insights and in-depth understanding of our business model, drawn from the firm’s extensive experience in environmental services, allowed them to share our story and value proposition in a highly compelling manner. Further, Lincoln’s global platform and access to key decision makers were critical in securing an exceptional strategic partner for the Company.”
Mr. Owaidat added, “Partnering with Great Lakes enables Magnus Pacific to expand our suite of capabilities and broaden the Company’s geographic footprint across the U.S. We share in Great Lakes’ long-term strategic vision to become a preeminent environmental services provider.”
The sale of Magnus Pacific builds on Lincoln’s strong experience and expertise in the environmental and infrastructure services sector. The firm now has completed over 15 transactions in the space since 2012.
Meet our Senior Team
As a trusted advisor, my role is to listen, create options and pursue the path that best achieves a client’s total objectives.
Saurin Mehta
Managing Director & Co-head of Business Services
ChicagoView More Transactions
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.