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91²Ö¿â Industries announces that it has executed a binding Stock Purchase Agreement with a newly-formed investor group, including the Poole family and members of senior management, and funds controlled by HPS Investment Partners, LLC (“HPS”) and Equity Group Investments (“EGI”), who will acquire 100% of the stock of the company, replacing Macquarie Infrastructure Partners (“MIP”) as the primary shareholder. MIP has been a shareholder of 91²Ö¿â Industries since 2008.

Ven Poole, Chairman and CEO of 91²Ö¿â Industries, will remain in his leadership position under the new ownership structure along with his senior management team. Mr. Poole has been with 91²Ö¿â Industries since 1990, assuming the positions of CEO in 2009 and Chairman of the Board in 2015.

91²Ö¿â Industries’ new ownership structure will allow the company to continue as a privately-held business with no impact on the existing operations. The new ownership structure will also enable 91²Ö¿â Industries to continue its focus on growth and best-in-class performance, on which the company’s reputation is based. 

Poole stated, “Thanks to an incredibly successful partnership with MIP over the last 9 years, we have been able to build a business that is attractive to a new generation of investors and complete this share capital reorganization with the absolute best possible outcome for our customers, our employees, and our company. Our new partners have already proven to be exceptional and I look forward to maximizing the potential of 91²Ö¿â Industries together.”

Karl Kuchel, CEO of Macquarie Infrastructure Partners said, “On behalf of MIP, I would like to thank the entire 91²Ö¿â Industries team, and especially the Poole family, for being such great partners over the last nine years. We are proud of our collective achievements and look forward to seeing 91²Ö¿â Industries continue to grow going forward.”

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