Arle has agreed to sell portfolio company Stork to Fluor (NYSE: FLR). The transaction, which has an enterprise value of €695 million, is expected to close in 1H 2016. Founded in 1827, Stork provides maintenance, modification and asset integrity services associated with large existing industrial facilities in the oil & gas, chemicals, industrial and power markets. The company reports an annualized run-rate revenue of roughly €1.6 billion and EBITDA of about €100 million. Arle has backed Stork since 2008.