Under many a city lurks a decaying infrastructure, and that's what Insituform Technologies takes care of in situ. Serving industrial and municipal clients, the company and its subsidiaries manufacture and install products for rehabilitating and protecting sewers, water lines, oil pipelines, mining pipelines, and other types of pipe systems. The heart of its business is its cured-in-place pipe process, which allows for pipe rehabilitation without digging or disruption. Insituform, which has operations in North America, as well as in Asia, Europe, Australia, the Middle East, and South America, has been expanding both geographically and by product offering. The company is part of infrastructure firm Aegion.
The company is pursuing growth on several fronts, including sewer rehabilitation in North America and pipe insulation in Europe. Oil-producing areas of the Gulf of Mexico, the Canadian oil sands, and the Middle East, in addition to emerging markets such as China, India, Malaysia, and Singapore, are also a focus. The company operates in several international markets through joint ventures. It hopes to expand in Asia through third-party tube sales.
In 2009 Insituform added to its energy and mining segments, particularly in North America, through two key acquisitions. It bought Louisiana-based The Bayou Companies, which specializes in serving the offshore oil and gas pipeline market, and pipeline corrosion protection services provider Corrpro Companies. The acquisitions boosted Insituform's earnings in 2010. They joined the company's Colorado-based United Pipeline Systems subsidiary, which performs gas and oil pipeline rehabilitation.
In 2011 Insituform acquired UK pipe coating maker Hockway and its Hockway Middle East unit, boosting Corrpro's capabilities. The company also bought the North American business of Fyfe Group, which makes polymer systems used to reinforce pipelines and other structures. It has an option to acquire the San Diego-based company's Asian, European, and Latin American operations.
Later that year the company reorganized and formed a holding company, Aegion, to provide corporate and administrative support to Insituform. Its former subsidiaries joined it as direct subsidiaries of the new parent. – less