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Tensar Files for IPO

Tensar Corp., an Atlanta-based construction services company, has filed for a $201.25 million IPO. It plans to trade on the NYSE under ticker symbol TXC, with Lehman Brothers, Credit Suisse and Merrill Lynch serving as co-lead underwriters. Tensar shareholders include Arcapita (86.3%), Electra Private Equity (6.3%) and KRG Capital Partners. Tensar offers nontraditional products and technologies for projects like high-performance roadways, earth retention structures, building foundations and erosion control.