Deal Details
Fusion Acquires AQUALIS
Summary
Fusion Capital Partners, L.P. (“Fusion”) has acquired AQUALIS (the “Company”), a portfolio company of DFW Capital Partners. Terms of the transaction were not disclosed.
Baird served as financial advisor to Fusion on this transaction.
About
Fusion is a private equity firm focused on engineered products and essential services within the industrial sector. The firm’s investment thesis in water management is driven by aging infrastructure, increasing regulation and growing weather volatility, trends that are pushing customers toward strategic partners capable of managing long-term water compliance needs. Fusion is headquartered in Los Angeles, California.Founded in 2001, AQUALIS has more than 25 years of experience serving more than 1,750 commercial, industrial and municipal customers across the United States. The Company provides a comprehensive suite of solutions across the full lifecycle of water assets, including engineering, design, testing, permitting and compliance support, along with inspections, preventative maintenance, repairs, infrastructure rehabilitation and emergency response. Its work helps customers manage stormwater infrastructure, wastewater systems and water quality while maintaining regulatory compliance. AQUALIS is headquartered in Morrisville, North Carolina.
DFW Capital Partners is a middle-market private equity firm with over $2 billion in assets under management. The firm’s focus for the past 20 years has been investing in founder or management owned companies that provide outsourced business, industrial or healthcare services in regulated, compliance driven end-markets, with “sticky” customer relationships. DFW Capital Partners is headquartered in New York, New York.
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- Date
- April 2026
- Company
- Fusion Capital Partners, L.P.
- Transaction
- M&A - Buyside
- Sectors
- Technology & Services
- Verticals
-
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
- Acquiror Geography
- North America
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