December 06, 2019
Croft & Bender Serves as Financial Advisor to Astra Group Holdings, Inc. in its Sale to Equix, Inc.
has been acquired by
Astra provides contracting services for infrastructure projects across the Southeast.
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.
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.
Croft & Bender successfully negotiated the sale of the Company to Equix, Inc.