Waterline Renewal Technologies Is Acquired by Behrman

Industrial

Waterline Renewal Technologies, a subsidiary of Triwater, a portfolio company of Edgewater and JZCP, sale to Behrman


Summary

Waterline Renewal Technologies (”the “Company”), a subsidiary of Triwater Holdings LLC ("Triwater"), which is a portfolio company of The Edgewater Funds (“Edgewater”) and JZ Capital Partners (“JZCP”) (LSE: JZCP.L), was recently acquired by Behrman Capital (“Behrman” or the "Firm"). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Waterline Renewal Technologies on this transaction.

About

Waterline Renewal Technologies 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. Waterline Renewal Technologies is headquartered in Rosemont, Illinois.

The Edgewater Funds is a private equity firm focused on investing in middle-market companies, with over $2.7 billion of capital commitments raised since 2001. Edgewater is headquartered in Chicago, Illinois.

JZ Capital Partners is a closed-end fund, listed on the London Stock Exchange, with more than $1 billion of assets under management. JZCP invests selectively in United States and European microcap companies and United States real estate. JZCP receives investment advice from Jordan/Zalaznick Advisers, Inc. which has teams of investment professionals in New York, Chicago, London and Madrid.

Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The Firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The Firm's investments are focused in three industries: defense and aerospace, healthcare services, and specialty manufacturing and distribution. The Firm has raised in excess of $3.0 billion since inception and is currently investing out of its sixth fund. Behrman is based in New York, New York and San Francisco, California.
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Industrial

Waterline Renewal Technologies, a subsidiary of Triwater, a portfolio company of Edgewater and JZCP, sale to Behrman

Date
April 2019
Company
Waterline Renewal Technologies
Transaction
M&A - Sellside
Sectors
Industrial
Verticals
Water & Filtration
Target Geography
North America
Acquiror Geography
North America

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