• • • • American Infrastructure Group, Inc. (AIGI) has announced the acquisition of a Texas-based Infrastructure Field Services Provider (IFSP),with a substantial growth trajectory, with estimated revenues exceeding $15 million by the end of 2023 and $30 million by 2024.
      • AIGI aims to capitalize on Texas’s challenges with water and wastewater systems by driving growth and innovation in the industry.
      • CEO William P. McCaughey heralds the acquisition as a significant milestone in enhancing water infrastructure services, looking forward to leveraging IFSP’s expertise.
      • IFSP boasts over 50 years of experience, specializing in water and wastewater solutions with a strong reputation for in-house work, efficiency, and quality. Their unique approach of performing most work in-house ensures efficiency, cost competitiveness, and strong client relationships, making them a trusted partner in the water and wastewater infrastructure segment.
      • AIGI, headquartered in Houston, TX, is a multi-faceted infrastructure services company offering solutions including asset integrity, data collection, and field services for infrastructure construction and maintenance.

Houston, Texas – November 13th, 2023 – American Infrastructure Group, Inc. (“AIGI”), a leading player in the field of innovative infrastructure solutions, is excited to announce an agreement to acquire an Infrastructure Field Services Provider (IFSP) based in Texas with a backlog of revenue extensive growth based on contracted municipal work estimated to exceed $15 million in revenue end of 2023 and $30 million revenue in by 2024. Terms of the transaction were not disclosed.

Texas faces water and wastewater challenges with aging infrastructure, an increased demand for water and wastewater services due to annual population growth, and physical and digital security threats. However, AIGI sees these challenges as opportunities for growth and innovation.

William P. McCaughey, Chief Executive Officer of American Infrastructure Group, Inc., expressed his enthusiasm, stating, “This strategic acquisition marks a significant milestone in our journey toward enhancing water infrastructure services and our environment. We are excited to join forces with IFSP, a respected leader in the field, and we look forward to leveraging their expertise to drive innovation and growth in the industry.”

About Infrastructure Field Services Provider (IFSP)

IFSP is a distinguished heavy construction contractor specializing in water treatment and wastewater treatment solutions for municipalities in Texas. With over 50 years of experience, IFSP has built a solid reputation in the industry, offering essential services with a highly skilled workforce, enduring vendor relationships, and a focus on specialization to maintain competitive profit margins.

IFSP stands out by performing the majority of its work in-house, unlike competitors who heavily subcontract their projects. This approach ensures quicker project execution, more efficient project management, cost competitiveness, and enhanced profitability. The company’s commitment to quality and long-term client relationships is reflected in its impressive track record of repeat business, making IFSP a trusted partner in the infrastructure field.

We expect to finalize our remaining closing items, which include the completion of our due diligence, and the development of our integration and growth plans, by the end of this year. Final details on IFSP will be provided upon the closing of the transaction.

David Singleton, Chief Operating Officer of our Field Services Division, stated, “The integration of IFSP into our operations will be a significant step forward for AIGI. We are thrilled to have IFSP’s strong and experienced management, skilled workforce, specialized services, and strong client relationships as part of our company. Together, we will continue to deliver exceptional infrastructure solutions to our valued clients.”
Current Services Offered by IFSP:

• Water Plant Construction: Involves new plant construction and building refurbishments, encompassing electrical systems, clarifiers, filters, piping, pumps, and more.
• Wastewater Construction: Encompasses new wastewater treatment plant construction and refurbishment of electrical systems, clarifiers, aeration, chemical feed, and related work.
• SCADA and Process Systems: Provides comprehensive plant-wide automation with local, remote, and auto control capabilities.
• Reverse Osmosis and Microfiltration Plants: Expertise in constructing desalination and surface water microfiltration plants with capacities ranging from 1 to 8 million gallons per day (MGD).

About American Infrastructure Group, Inc.

American Infrastructure Group, Inc. is a Houston-based infrastructure services company focusing on providing comprehensive solutions, including asset integrity, data collection, data fusion, and field services. Our data technology division offers cutting-edge software solutions and industrial drone operations, while our field services division provides infrastructure construction, installation, and maintenance services to governments, municipalities, and private companies.

Corporate Website:                                       http://AmericanInfrastructureGroup.com

InfraSix Website:                                           http://InfraSix.com

Contact:

Peter Quinn, Senior Adviser

Address:   710 N Post Oak, Suite 400 Houston, Texas 77024

Phone:      1-832-464-4460

Email:       Peter.Quinn@AmerInfraGroup.com

Forward-Looking Statements

Certain statements herein, including those regarding the extent and timing of our production and other operations, as well as our liquidity, are “forward-looking statements” subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our filings with the Securities and Exchange Commission. American Infrastructure Group, Inc. and InfraSix, LLC disclaim any obligation to update this information.

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