Layne Christensen (LAYN) Acquires W.L. Hailey & Co. for $15M
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Layne Christensen Company (NASDAQ: LAYN) today announced the acquisition of W.L. Hailey & Company, Inc., a water infrastructure company.
Morgan Joseph & Co. Inc. provided investment banking services to W.L. Hailey and served as exclusive sell-side financial advisor to the company in connection with this transaction. The acquisition purchase price was $15 million and was funded from Layne Christensen's current cash balances and net of cash, Layne Christensen remains debt free.
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