CHICAGO, Nov. 13, 2014 /PRNewswire/ — 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 (“Great Lakes”) (NASDAQ: GLDD).

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Founded in 2009 and based in Sacramento, C.A., 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 International’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.

About Lincoln International

Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.

Media Contact: Kelly Neroda
kneroda@lincolninternational.com
(312) 506-1950

SOURCE Lincoln International