Aea investors lp signed a definitive agreement to acquire environmental sciences business from univar solutions inc. (nyse:unvr) for $200 million.

Aea investors lp signed a definitive agreement to acquire environmental sciences business from univar solutions inc. (nyse:unvr) for $200 million on december 5, 2019. the consideration includes $195 million in cash plus a $5 million subordinated note total economic value of the transaction will be increased by cost avoidance opportunities. the standalone environmental sciences business is expected to announce a new name and brand identity upon close of the transaction. post-completion, trace mceuen, vice president of environmental sciences at univar solutions will continue to lead business under aea's ownership. the transaction is subject to receipt of regulatory approvals and satisfaction of other customary closing conditions. the transaction was approved by the board of directors of univar solutions. the transaction is expected to close by the end of 2019 or early 2020. univar solutions will use the proceeds to further pay down the debt. piper jaffray & co. acted as financial advisor and stinson llp acted as legal advisor for univar solutions. fried, frank, harris, shriver & jacobson llp acted as legal advisor for aea investors.
UNVR Ratings Summary
UNVR Quant Ranking