Forterra (FRTA) Announces October 20th IPO
In the last year, Forterra generated $1.2 billion in revenue and had a net loss of $21.1 million. The company has a market cap of $1.3 billion.
Goldman Sachs, Citigroup, Credit Suisse, Barclays, Deutsche Bank Securities and RBC Capital Markets acted as the underwriters for the IPO and Oppenheimer, Stephens and SunTrust Robinson Humphrey were co-managers.
Forterra provided the following description of their company for its IPO: “We are 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. We provide critical infrastructure components for a broad spectrum of construction projects across residential, non-residential and infrastructure markets. Our extensive suite of end-to-end products covers “the First Mile to the Last Mile” of the water infrastructure grid, ranging from large diameter pipe that transports water to and from treatment centers and manages drainage along major transportation corridors, to smaller diameter pipe that delivers potable water to, and removes wastewater from, end users in residential and commercial settings. We employ a specialized technical salesforce, including engineers and field service representatives, which enables us to deliver a high degree of customer service, create tailored solutions and ensure our products meet project specifications to maximize applications in the field. “.
Forterra was founded in 2015 and has 5565 employees. The company is located at 511 East John Carpenter Freeway, 6th Floor, Irving, TX 75062, US and can be reached via phone at (469) 458-7973 or on the web at https://forterrabp.com.
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