PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Behrman Capital acquires Waterline Renewal Technologies

Behrman Capital (Behrman), a private equity investment firm based in New York and San Francisco, has acquired Waterline Renewal Technologies (Waterline), a division of Triwater Holdings.

Members of Waterline’s senior management team invested in the transaction alongside Behrman. Financial terms of the transaction have not been disclosed.
 
Waterline is a leading provider of engineered products used in the trenchless rehabilitation of wastewater infrastructure for municipal, commercial, industrial, and residential applications. The Company’s patented line of products and technologies allows its customers to deliver long-lasting solutions that repair sewer systems and wastewater lines without the need for excavation or property damage, and prevent overflow created by excess inflow and infiltration of ground water into the wastewater system.
 
The Company is organised and markets itself principally across three industry-leading brands: LMK, a provider of trenchless cured-in-place pipe (CIPP) products and technologies for municipal contractors, Perma-Liner, a provider of trenchless, CIPP products and technologies for plumbers and drain cleaners, and AP/M Permaform, a provider of spray-on coatings for manholes, large diameter pipe rehabilitation solutions and anti-bacterial agents for corrosion prevention.
 
Grant G Behrman, Managing Partner of Behrman Capital, says: “Waterline is a leader in the growing wastewater solutions market with innovative pipe rehabilitation solutions. Through Waterline’s best-in-class brands, multiple channels to market, and industry and technology know-how, the Company has consistently provided effective wastewater infrastructure solutions for its installer partners while delivering strong financial performance. We look forward to collaborating with the management team to capitalize on a range of attractive growth initiatives, including select acquisitions and the expansion of Waterline’s technology offerings.”
 
Waterline’s management team, headed by Matt Fishbune, President, will continue to lead the Company under Behrman’s ownership.
 
Fishbune adds: “We are excited to begin this new chapter for Waterline by joining forces with Behrman Capital. This new partnership will enable our company to draw on Behrman’s deep experience in specialty manufacturing and distribution, as well as with government customers. We look forward to further expansion of our core technologies, enhancing our product offering, and scaling our business and geographical reach, which will create exciting new opportunities for our valued customers, suppliers, and our talented employees.”

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured