GSE Holding, Inc., a provider of containment solutions for usage in mining, waste management and water infrastructure, filed on Monday with the SEC to raise up to $144 million in an initial public offering. GSE, which counts blue-chip companies such as Barrick Gold Corp., BHP Billiton PLC, and Newmont Mining Corp. as its customers, derives 58% of its sales outside of North America. The Houston, TX-based company, which was founded in 1981, saw sales grew by 34% to $375 million in the twelve months ended March 31, 2011 from $281 million in the twelve months ended March 31, 2010 as Adjusted EBITDA grew by 67% to $39 million from $23 million in the same period. GSE Holding plans to list on the NYSE under the symbol GSE. Jefferies & Co. and Oppenheimer & Co. are the lead underwriters on the deal. No pricing terms were disclosed.
