Situation:  Argand Partners, a private equity fund, had raised a special purpose acquisition vehicle (“SPAC“) to invest in a North American operating company in the industrial or industrial services segment. Industrea wanted to find a viable merger partner, and evaluate, value, negotiate, and close a SPAC merger transaction.

Solution:  Argand hired Headwall to assist it in sourcing, screening, and evaluating alternative merger targets, and ultimately to execute a SPAC merger with Concrete Pumping Holdings (NASDAQ: BBCP), the world’s largest operator of concrete pumping services in support of the steel reinforced concrete construction industry.