HORSHAM, Pa. & NEW YORK–(Small business WIRE)–Dec 21, 2020–
Inframark, LLC, is delighted to announce that it has partnered with New Mountain Capital, a top growth-oriented financial investment firm with $28 billion in property beneath administration. The expense delivers entry to capital that boosts Inframark’s ability for expansion whilst protecting and setting up on its leadership position in the outsourced drinking water expert services sector. It also displays New Mountain Capital’s self-assurance in the firm’s strong name, robust operating product and exceptional method to service. Conditions of the transaction ended up not disclosed.
This push release functions multimedia. Look at the full release here: https://www.businesswire.com/information/home/20201221005398/en/
Inframark’s management staff, led by CEO Stephane Bouvier, will carry on to direct the business and execute on their robust eyesight for the upcoming. New Mountain has acquired its curiosity in Inframark from PPC Enterprises LLC (“PPC”) and Alston Money Associates LLC (“Alston”). The management workforce will keep on to have a significant ownership interest alongside New Mountain.
“Since getting Inframark three years in the past under PPC and Alston’s possession, our team has placed an unwavering emphasis on deepening customer interactions to develop into a identified chief in water and infrastructure operations,” claimed Stephane Bouvier, CEO of Inframark. “We’re thrilled to enter this new relationship with New Mountain Cash and establish on a expansion design that has shipped terrific success for our organization and our consumers to day with substantial long-term tailwinds for the upcoming.”
Max Alper, Lover and Head of Industrials at PPC commented, “We are very proud to have established Inframark as a stand-by itself entity 3 several years back and to have partnered with management through the initial phase of the Company’s significant advancement as an unbiased organization. We are grateful to the overall leadership team and all the workforce of Inframark for the monumental perform that has long gone into the successes accomplished throughout our ownership. On behalf of PPC and Alston, we would like them all the very best for the long term.”
With its new partnership, Inframark will manage its multi-faceted progress strategy targeted on maximizing its service presenting and growing into new and adjacent markets. Management will go after this through an elevated concentrate on strategic acquisitions and ongoing investment decision in capabilities and systems that produce additional worth to prospects across core company models: operation and servicing of h2o and wastewater devices, administration of community infrastructure, and similar products and services.
“Inframark has demonstrated a sturdy commitment to client assistance, innovation and environmentally-pleasant alternatives when guaranteeing the delivery of harmless and clear water to much more than 4 million persons throughout the United States,” mentioned Lars Johansson, Controlling Director at New Mountain Funds. “We seem ahead to accelerating the scalable advancement prepare towards which Stephane and his leadership workforce are previously executing. Our firm’s abilities in supporting industry leaders on their development journey will be the foundation for a meaningful partnership.”
Harris Williams served as the unique advisor to Inframark on this transaction.
Inframark, LLC ( www.inframark.com ) is a standalone American infrastructure companies corporation focused on procedure and servicing of drinking water and wastewater programs, management of group infrastructure, and back again-place of work products and services.
With more than 40 many years of expertise in handling h2o-related infrastructure, the firm employs in excessive of 1,500 persons serving extra than 400 customers in 19 states. Its North American functions manages services that can deal with over 900 million gallons of ingesting drinking water and wastewater daily. It also manages a lot more than 7,000 miles of wastewater assortment and h2o distribution networks. Its infrastructure administration companies team serves 220 clients with financial, administrative and specialized aid expert services.
About New Mountain Money
New Mountain Money is a New York-centered investment firm that emphasizes company developing and advancement, alternatively than personal debt, as it pursues extensive-time period funds appreciation. The organization at the moment manages personal equity, community fairness, and credit rating cash with above $28 billion in assets underneath management. New Mountain seeks out what it believes to be the best good quality expansion leaders in meticulously chosen industry sectors and then operates intensively with administration to establish the worth of these companies. For extra facts on New Mountain Capital, make sure you take a look at www.newmountaincapital.com
Check out supply model on businesswire.com:https://www.businesswire.com/information/house/20201221005398/en/
Speak to: Inframark
E mail:[email protected] New Mountain Funds
Dana Gorman / Claire Walsh
Keyword: PENNSYLVANIA NEW YORK UNITED STATES NORTH The united states
Business Key word: FINANCE Electrical power Skilled Expert services OTHER Electrical power UTILITIES
Resource: New Mountain Capital
Copyright Enterprise Wire 2020.
PUB: 12/21/2020 08:00 AM/DISC: 12/21/2020 08:01 AM
Copyright Company Wire 2020.