Aegion Corporation announced completion of its acquisition of Brinderson LP today. The transaction was priced US$150 million and was announced last week.

Aegion's President and CEO stated that the company is very pleased to complete such important deal as it would enhance the ability of Aegion to generate sustainable growth. The completed deal would also lead to an increase in cash flow from its operations. Further, it would improve returns on invested capital.

Brinderson is primarily focused on serving big oil and gas clients in California. The company's competitive edge included its industry leading record on safety. Brinderson also has a strong reputation for reliability and quality. Lastly, the company offers comprehensive solutions that are needed for major upstream and refinery maintenance, retrofits and repairs. For the last 12 months that ended March 31, 2013, the revenues of Brinderson totaled around US$231 million and adjusted EBITDA was at US$23.8 million.