Fernweh Acquires Majority Stake in AZZ’s Infrastructure Solutions Segment and Rebrands as Avail Infrastructure Solutions

Fernweh Acquires Majority Stake in AZZ’s Infrastructure Solutions Segment and Rebrands as Avail Infrastructure Solutions

October 3, 2022 – FORT WORTH, TX – Fernweh Group LLC and its affiliates (collectively, “Fernweh”), jointly with AZZ Inc. (“AZZ”) (NYSE: AZZ), announced today they have completed the joint venture partnership (“AIS JV” or “AIS”) involving AZZ Infrastructure Solutions Segment , with AZZ selling a 60% interest in AIS JV to Fernweh at an enterprise value of $300 million. As part of the completion of the transaction, AIS will rebrand as Avail Infrastructure Solutions (“Avail”).

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