Forterra, Inc. | Stephens

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Forterra, Inc.

$331.6 Million 10/19/2016 Diversified Industrials & Services Complete
Public Companies
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Transaction Details

  • On October 19, 2016, Forterra, Inc. (“Forterra” or the “Company”) priced an Initial Public Offering for a deal value of $331.6 million
  • The deal priced 18,420,000 shares of common stock at $18.00 per share
  • All shares were offered by the Company
  • Proceeds from the Initial Public Offering will be used to repay outstanding indebtedness ($303.8 million), pay the fees and expenses related to this offering and use any remaining proceeds for working capital and other general corporate purposes
  • Stephens Inc. served as a Co-Manager in the Offering

About the company

Forterra, Inc. (“Forterra” or the “Company”), a portfolio company of Lone Star Funds, is a leading manufacturer of pipe and precast products by sales volume in the United States and Eastern Canada for a variety of water-related infrastructure applications, including water transmission, distribution and drainage. The Company provides critical infrastructure components for a broad spectrum of construction projects across residential, non-residential and infrastructure markets. Forterra is based in Irving, Texas and has significant national reach with 101 locations and 5,565 employees.

Source: Company filings.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

    The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at at the following link:. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.