has been acquired by

Astra provides contracting services for infrastructure projects across the Southeast.

Astra Group

  • Industry Industrial
  • Type M&A Sell-Side

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.

News Release

December 06, 2019

Croft & Bender Serves as Financial Advisor to Astra Group Holdings, Inc. in its Sale to Equix, Inc.