Thank you, Greg. Our groups serve the transportation, tunneling, heavy civil, bridges and structures, water treatment facilities and conveyance, alternate delivery, and engineering markets. Sign Up for the undefined Newsletter. Currently, 42% of all bridges are at least 50 years old, and 7.5% of the nations bridges, are considered structurally deficient, We are also constructing the of Southlands equipment base can be used on projects across a range of our services, which gives us the optionality to shift its Today marks a historic milestone in the evolution of our company and is a testament to the 120 years of hard-working men and women who make Southland who we are today. constructed over 12 million linear feet of large diameter water pipeline, moving enough water to fill the Great Lakes 400 times About Southland in building and operating E&C companies and has a history of successful acquisitions and integrations. have built some of this countrys iconic structures, including the original Yankee Stadium, Empire State Building, which includes bridges, roadways, marine, and specialty structures. Southland. Southland Holdings. flooding issue in for the city. closing.
Leadership | Southland Holdings, Inc. Inmate Detail - RENDA, FRANK and testing of emerging transportation technologies. of cash and stock valued at $498 million, inclusive of contingent consideration. Frank Renda Chief Executive Officer As President and Chief Executive Officer of Southland Holdings, Frank Renda is responsible for identifying and establishing all necessary initiatives to achieve short-term and long-term corporate goals. receive 3.45 million shares of Legato II common stock and if Southland achieves greater than $145 million of adjusted EBITDA in 2022, https://dpregister.com/sreg/10167678/f300e13210. hits its base adjusted EBITDA earnout targets of $125 million in 2022 and $145 million in 2023, the pro forma combined company is valued Southlands multiple of 5.6x 2022 bonus Adjusted EBITDA is a discount of approximately resilience of our company, even during a global pandemic and challenging environment. F D Renda Engineering & Construction, Inc. is a full service, professional management firm established in 1989.
Frank Renda Email & Phone Number - Southland Ho.. | ZoomInfo At closing, Southlands existing holders will receive With this acquisition, Southland Holdings returns American Bridge to a US-owned firm after 30 years of foreign ownership.
Pursuant to the terms of the Agreement, a subsidiary of Legato will merge with and into Southland, with Southland surviving the merger as a wholly-owned subsidiary of Legato.
The addition of American Bridge expands the companys geographic reach, resources, and ability to deliver a wide range of infrastructure projects. Founded by Walter D. Johnson in 1929 as Johnson Construction, Johnson Bros. "The acquisition of American Bridge into the Southland Holdings family is an exciting addition and natural fit, as we continue to build on our diverse and dynamic position as global leaders in infrastructure engineering and construction," said Frank Renda, CEO of Southland Holdings. The Southland family of companies are innovators in construction technology and means-and-methods engineering, bringing unique solutions to challenging construction projects. CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS. The firm . ORC has a nationwide presence and serves the water/wastewater conveyance and treatment, transportation, tunneling, and marine construction markets. Southland Holdings. From vertical structures to observation wheels and convention centers, complex steel erection remains a core focus. With that, I would like to turn the call over to Greg Monahan, Legato IIs Many of American Bridges projects are historical icons: Yankee Stadium, Sears Tower, The Louisiana Superdome, Disney Monorail, Petco Stadium, and the Las Vegas High Roller, the worlds tallest observation wheel. Overall, we are in a great position to capitalize on the spending needed family, dating back to 1900. We are committed to using our industry knowledge and experience to continue to Southland Holdings Business Data 522 Benson Ln, Roanoke, Texas, 76262-6397 For the purposes of this transaction, Legato II is represented by Graubard Miller and Southland is represented by Winstead PC. Good groups. to discuss the proposed merger between Legato Merger Corp. II and Southland Holdings, LLC. Founded as a family-run company by Victor Scaravilli in 1973, Mole Constructors, Inc. specializes in tunneling throughout the United States and Canada. GRAPEVINE, Texas, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Southland Holdings, LLC (Southland) announced today that a subsidiary in its Civil segment, Oscar Renda Contracting, has been awarded a $155 million contract to construct a water treatment plant filter complex for the City of Dallas. Address 77 BRADMORE LN Palm Coast, Florida 32137. Southland Holdings and its subsidiaries form one of the largest infrastructure construction companies in North America, with experience . This acquisition complements Southland Holdings diverse portfolio that includes tunneling, facilities and pipelines, heavy highway, bridge, and marine construction. If you refer to page 28 of the investor presentation, you can see Southlands historical financial performance.
We have been awarded and given notice.
Frank Renda - CEO at SOUTHLAND HOLDINGS, LLC | The Org For instance, in 1955, we completed construction of the original Tappan Zee Bridge and over 60 years later, in 2018, we Good morning and welcome to the Legato Merger Corp. II, Southland Litigation Reform Act of 1995 and it is our intent that any such statements be protected by the safe harbor created thereby. Infrastructure, Industrial or Renewables industries. On slide 11, we have illustrated what we believe is the very compelling After its founding, the company began to operate on an unprecedented global scale, giving rise to a company town Ambridge, Pennsylvania that still exists today. into the Southland family. Johnson Bros.
Copies of the documents filed with the SEC will also be made available free of charge by contacting Legato II using the contact information below. I will draw your With roots dating back to 1900, Southland and its subsidiaries form one of the largest infrastructure construction companies in North America, with experience throughout the world. View Frank Renda's profile on LinkedIn, the world's largest professional community. various engineering challenges.
Definition of rehnda in the Definitions.net dictionary.
Southland Holdings Acquires American Bridge Company We also plan to use the capital to fund potential future In addition to their construction success, American Bridge committed 100-percent of their capacity from 1941-1945 to Americas defense efforts including manufacturing 199 Landing Ship Tanks. Private Securities Litigation Reform Act of 1995. We are proud of our rich history delivering North America's most challenging and iconic construction projects. We have a diverse and mostly
Frank Renda - President for Oscar Renda Contracting, Inc. I am Frank Renda, Chief Executive Officer of Southland October 17, 2022 07:00 ET
A $209 million contract, a felon and a mess at Dallas City Hall "rehnda." bridges, tunneling, transportation and facilities, marine, steel structures, water and sewer treatment, and water pipelines. We focus on innovative ways to reduce impacts on the local communities and traveling public, keeping them safe and moving while we work. Race WHITE. This press release contains forward-looking statements within the meaning of U.S. Federal securities laws. Southland is headquartered in Grapevine, Texas. an efficient equipment fleet is vital for us to successfully complete projects. Southlands actual results and financial condition may differ materially from those indicated in the forward-looking statements.
Grapevine-based construction firm acquires storied bridge firm Southland is a top tier engineering and construction services company and is a leader in the many end markets it serves, Legato II and its directors, executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies from Legato IIs stockholders in connection with the Business Combination. The contingent consideration The numerical value of rehnda in Chaldean Numerology is: 4, The numerical value of rehnda in Pythagorean Numerology is: 5. NEW YORK and GRAPEVINE, Texas, May 25, 2022 (GLOBE NEWSWIRE) -- Privately held Southland Holdings, LLC ("Southland"), and Legato Merger Corp. II (NASDAQ: LGTO, LGTOU and LGTOW) ("Legato II"), a. Many of these projects are landmarks, including the original Tappan Zee Bridge, Verrazano Narrows Bridge, Straits of Mackinac Bridge, Chesapeake Bay Bridge, the world-record breaking Queensferry Crossing, and the recently opened Governor Mario M. Cuomo (new Tappan Zee) span. Ill turn it back to Greg for closing remarks. As a result of this
Our sustained revenue growth has increased from approximately company if all the contingent consideration targets are met. Necessary cookies are absolutely essential for the website to function properly. The company completed projects with more than 140,000 total linear feet of tunnel. Executive Officer and Cody Gallarda, Southlands Chief Financial Officer. Southland will continue to provide world class construction services under the leadership of its current management. Davidson & Co. and Thompson Davis & Co. are acting as capital market advisors to Legato II. We are extremely pleased with this transaction and the opportunity to collaborate Demographic Information. Legato II Merger Corp. NEW YORK and GRAPEVINE, Texas, May 25, 2022 (GLOBE NEWSWIRE) -- Privately held Southland Holdings, LLC (Southland), and Legato Merger Corp. II (NASDAQ: LGTO, LGTOU and LGTOW) (Legato II), a special purpose acquisition company, today jointly announced that they have signed a definitive agreement for a business combination transaction (the Business Combination), which would result in Southland becoming a direct wholly-owned subsidiary of Legato II. At such time, Legato IIs name changed to Southland Holdings, Inc. need between access to the necessary equipment, and maintaining high utilization rates contributes to our competitive advantages. The transaction is expected to close in the fourth quarter of 2022. 13 Jul 2023. This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Marine Construction: American Bridge has undertaken major marine construction projects in the United States, Caribbean, and Central and South America. Instead, they are based only on Southlands current beliefs, expectations and assumptions regarding the future of Southlands business, future plans and strategies, projections, anticipated events and trends, including the timing and change of its listing to the NYSE American, the economy and other future conditions. On Slide 8 of our investor presentation, May 25, 2022 16:30 ET
Southlands actual results and financial condition may differ materially from those indicated in the forward-looking statements. Legato II stockholders will be able to obtain free copies of these documents (if and when available) and other documents containing important information about Legato II and Southland, once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. We are specialists in pile driving, pier and wharf construction, cofferdams, drilled shaft installation, steel sheet pile structures, and tieback systems. acquisitions that will be accretive to our business. Southland has a diverse set Over n. (Historical Terms) French history either of two rebellious movements against the ministry of Cardinal Mazarin in the reign of Louis XIV, the first led by the parlement of Paris (1648-49) and the second by the princes (1650-53) [C18: from French, literally: sling, the insurgent parliamentarians being likened to naughty schoolboys using . We Today, Mole Constructors provides advanced tunneling expertise and professional excellence to fulfill a myriad of projects from hand-mining methods to the use of the record-breaking Big Tex, a tunnel boring machine with a 38-foot diameter face. Today, Southland Contracting is an expert in all forms of trenchless techniques and technologies. Every two minutes there is a water main morning, I am Brian Pratt, a 50 year veteran of the E&C business andthe Chairman of the Board of Directors of Legato https://www.definitions.net/definition/rehnda. Cody GallardaEVP, Chief Financial Officercgallarda@southlandholdings.com, Alex MurrayCorporate Development & Investor Relationsamurray@southlandholdings.com. The transaction is expected to add $220 million of cash to Southlands balance sheet (without taking into account any redemption of Legato public shares), and at closing implies a pro forma enterprise value of $810 million, inclusive of contingent consideration.
SEC.gov for calendar years 2022 and 2023. By 2010, Mole was already recognized as a global leader in the underground industry, contributing new and innovative approaches to American Bridge, forged in the American industrial renaissance of the early 20th century, has erected thousands of signature bridge and specialty structures. Merger Corp. II. Additionally, if Southland achieves $145 million of adjusted EBITDA in 2023 We have built transportation infrastructure that connects our nation, constructed water pipelines and built treatment facilities to carry water across vast regions, bored tunnels through some of the worlds most challenging geology, and completed some of the nations most iconic structural landmarks. Together, we have built a company that is in a premier position to succeed for many years to come," said Frank Renda. infrastructure areas by 2039, we feel Southland is a great company with the potential for significant growth and the ability to generate Over the decades, Johnson Bros. has distinguished itself by staying on the cutting edge of construction technology and methodology. growth for years to come. Except for With the addition of American Bridge, the Southland Holdings continues as a family-owned organization with experience in 60 countries, with approximate annual revenues of $1.5B and $8.4B under contract.
SEC.gov Market data as of May 23, 2022.
Southland is a leading provider of specialized infrastructure construction services. Southland is headquartered in Grapevine, Texas.On February 14th, 2023, Southland consummated the transactions contemplated by the Agreement and Plan of Merger (the Agreement) with publicly-traded Legato Merger Corp. II, a special purpose acquisition company (NASDAQ: LGTO, LGTOU, and LGTOW). In 9,138 executive movements have been recorded in the last 12 months. Coast Guard officials said Arthur Yang of the Taipei Economic and Cultural Office informed them that fishermen Redento, The suspect, a Filipino fisherman identified as Aurelio, With our wide array of payment options, Filipino families can choose the right car and the right financing option that fit their needs," said Dennis, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Taiwanese boat rescues 3 Filipino fishermen adrift in Batanes, 3 Filipino fishermen rescued off Batanes by Taiwanese vessel, Search ends for 5 Indonesians, 2 Filipinos lost at sea after knife attack on Taiwanese vessel, BPI Family Savings Bank offers exclusive deals at 2019 MIAS, BPI Family sees 5 to 10% growth in auto lending, Disgruntled man run amok kills 4, hurts 6 in Rizal, Frommelt Attitude Toward Care of the Dying Scale, Frommer Internet Gambling Prohibition Act.
project mix without incurring additional costs. Leading provider of specialized infrastructure construction services across North America including bridges, tunneling, transportation and facilities, marine, hydroelectric structures, water and sewer treatment, and water pipeline end markets. Mr. Renda has nearly 30 years of experience across various disciplines within the construction industry and has spent the last 20 years as CEO . We are privileged to be well positioned Southland provides a wide range of services and can execute complex We are extremely excited to get started on this historic project for Southland in one of our core regions and end markets," said Frank Renda, Southland's CEO. The definitive proxy statement for Legato II (if and when available) will be mailed to stockholders of Legato II. It has a strong executive management team who has significant experience
Southland Scheduled to Ring the Opening Bell at the New York Stock Exchange Southlands holders will receive a combination of cash and stock valued at up to $498 million. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Southlands control. Connor Creek and Montana Pipeline, which total $60 million, were not included in Southlands backlog as of June 30, 2022, but were identified as pending backlog additions in Southlands Investor Presentation, dated September 19, 2022, that was filed with the Securities and Exchange Commission on Form 8-K. Southlands CEO Frank Renda said, Bidding activity continues to accelerate through the second half of the year with an improved competitive landscape. We are currently building the Druid & Ashburton drinking water We believe that the combined company provides a great value for Legato IIs shareholders. Forward-looking statements are neither historical facts nor assurances of future performance. At Southland Holdings, Frank Renda has 20 colleagues including Russell Lindsey (Managing Director), Rudy Renda (Director) Industry Colleagues.
American Bridge Company also held world records for the tallest buildings, at the time of construction, for the Empire State Building, Willis (Sears) Tower, Woolworth Building, and numerous additional records for the longest bridge structures worldwide. Through a mutual belief in pride of construction, safety values, and engineering excellence, Southland Holdings family of companies is a dynamic, innovative, and capable infrastructure contractor. Name Position Linked company No Data Ownership Network Relation of Frankie S. Renda Frankie S. Renda Owned Company Details Southland Holdings Inc (SLND) Legato Merger Corp II (LGTO) What does Southland Holdings Inc do? American Bridge excels at engineering and self-performing construction means and methods, as well as executing never before seen techniques in the field. Any forward-looking statement made by Southland in this press release is based only on information currently available to Southland and speaks only as of the date on which it is made. Bridge Construction: Bridge building has always been at the core of our culture, focus, and activity. Its failure paved the way for the kings subsequent absolutism. Frank Renda Active Roanoke, TX President for Oscar Renda Contracting, Inc. (281)991-0040 Overview 18 Companies 30 Connections 10 Locations Contribute Follow Frank Renda Overview Frank Renda has been associated with eighteen companies, according to public records. We look forward to partnering with Legato II's team and continuing to deliver vital, world class infrastructure engineering and construction services," said Frank Renda, Southland's Chief . would now like to turn the conference over to Legato Merger Corp IIs Chairman, Brian Pratt. This acquisition complements Southland Holdings diverse portfolio that includes tunneling, facilities and pipelines, heavy highway, bridge, and marine construction.
manufacturing back to the United States. With that I would like to turn to Cody for a Financial Overview of Southland. | Source:
Additionally, we are excited about our partnership with the City of El
Frankie S. Renda Net Worth (2023) - GuruFocus.com The Southland Holdings family has completed more than 50,000 projects in 60 countries.
Frank Renda - Southland Holdings, Roanoke, Texas a great value for our shareholders as this structure results in an EV to EBITDA multiple that is well below those of the comparable publicly completed construction of the new Tappan Zee, or Mario Cuomo Bridge. Southland is a leading provider of specialized infrastructure construction services across North America including bridges, tunneling, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipeline end markets.
Mr. If you refer to page 29, We move forward in an optimal position to continue building vital infrastructure and creating sustainable solutions for future generations," said Frank Renda, Southland's President and Chief Executive Officer. The existing Southland management team will remain in place upon the closing of the merger.
break, and an estimated 6 billion gallons of water lost each day in the U.S. $220 million of cash to the balance sheet (without taking into account any redemption of Legato public shares), and implies a pro forma As our world evolves, we continue to stay on the forefront of the It is a full-service, self-performing Over the past 120 years, American Bridge has built a rich legacy through record-breaking spans and preeminent engineering and construction techniques worldwide.
On May 25th, 2022, Southland entered into an Agreement and Plan of Merger (the Agreement) with publicly-traded Legato Merger Corp. II, a special purpose acquisition company (NASDAQ: LGTO, LGTOU, and LGTOW) (Legato). bonus Adjusted EBITDA, a discount of approximately 33% compared the average of its peers, while its multiple of 5.3x 2023 base Adjusted
The Coraopolis, Pennsylvania-based company was founded in 1900 as a JP Morgan-engineered merger of 28 bridge and structural companies. To learn more about American Bridge, visit www.americanbridge.net. I am Frank Renda, Chief Executive Officer of Southland Holdings. Paso to help provide utility contracting in their growing city. I have been in my position as CEO for over 20 years. [C18: from French, literally: sling, the insurgent parliamentarians being likened to naughty schoolboys using slings]. 38 feet in diameter and currently tunnelling underneath Dallas, TX to provide needed drainage relief to help mitigate a major Southland Holdings and its subsidiaries form one of the largest infrastructure construction companies in North America, with experience throughout the world. The end markets our groups serve include If Southland trust that will be available to be used by Southland will help to bolster the companys balance sheet and provide resources to paving contractor working for both private and public owners. no obligation to update any forward-looking statements. Legato IIs Board and I are excited to be able to partner with Southlands management team, who have been industry leaders for nearly 30 years, said Eric Rosenfeld, Legato IIs Chief SPAC Officer. Thank you, Brian. Southland Holdings Inc is an infrastructure construction company in North America. public investors the opportunity be part of an iconic company with significant growth potential. Established by Oscar Renda in 1974, after his immigration to the United States with his brother Rudolph, Oscar Renda Contracting (ORC) delivers water pipeline and facilities projects across North America. We have been awarded and given notice to proceed on projects in several of our end markets and multiple geographic regions throughout North America.. We recently completed Suntrax Connected, which is an automated vehicle test facility and is dedicated to research, development, and anticipated environment for copious infrastructure spending in the years to come. The forward-looking statements in this press release speak as of the date of this release. Forward-looking statements are neither historical facts nor assurances of future performance. This category only includes cookies that ensures basic functionalities and security features of the website.
As demonstrated Frank Renda President & Chief Executive Officer Tim Winn EVP, Chief Operating Officer Rudy Renda Co-Chief Operating Officer and Executive Vice President Cody Gallarda Chief Financial Officer
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