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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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