Industrea is an investment vehicle sponsored by Argand Partners, a middle market private equity firm specializing in industrial investments. Industrea provides a unique solution for owners and management teams aiming to take their business public while enjoying the benefits of having a long-term focused anchor investor, and the full resourcing support and network of a private equity firm.
We are pursuing our focus of investments in manufacturing and service companies in the industrial sector. Our first vehicle, Industrea Acquisition Corp., is a special purpose acquisition company formed to enter mergers, stock purchases, or similar business combinations with one or more companies. Industrea Acquisition Corp. raised $230 million in its IPO, which closed in August 2017, and was listed on the Nasdaq under the symbol "INDU."
In September 2018, we announced Industrea Acquisition Corp.'s definitive agreement to acquire Concrete Pumping Holdings, Inc., the leading provider of concrete pumping services and waste management services in the U.S. and U.K., for an enterprise value of approximately $700 million. In December 2018, we completed our merger and CPH is now listed on the Nasdaq under the symbol “BBCP." More information about CPH can be found at www.concretepumpingholdings.com.
For more information about Argand Partners, please visit www.argandequity.com.