has been acquired by
Astra provides contracting services for infrastructure projects across the Southeast.
Senior Team
Astra Group
Type
M&A Sell-Side
Description
Croft & Bender played a pivotal role in Astra's strategic evaluation, helping to explore options such as a majority recapitalization or strategic sale. They assisted in building a financial model, creating marketing materials, conducting management presentations, managing due diligence, and negotiating the successful sale of the company to Equix, Inc.
Industries
Industrial
has been acquired by
Astra provides contracting services for infrastructure projects across the Southeast.
About
Headquartered in Atlanta, Georgia, Astra is a leading provider of general contracting and related construction services to private, commercial, government and municipal entities throughout the Southeast. The Company employs a team of more than 160 people that boasts over 200 combined years of construction project management and field supervision experience. Astra is a trusted partner to both private companies and public entities, delivering high quality work on time and within budget.
Situation
Croft & Bender was engaged to help the Company evaluate strategic alternatives, including a majority recapitalization or strategic sale. Croft & Bender worked with the Company to build a financial model, develop marketing materials, conduct management presentations, manage the diligence process and negotiate with buyers.
Result
Croft & Bender successfully negotiated the sale of the Company to Equix, Inc.