M&A Deal Summary

Alston Capital Partners and PPC Enterprises Acquire Inframark

On July 3, 2017, private equity firms Alston Capital Partners and PPC Enterprises acquired infrastructure company Inframark from Severn Trent

Acquisition Highlights
  • This is Alston Capital Partners’ 1st and PPC Enterprises’ 1st transaction in the Infrastructure sector.
  • This is Alston Capital Partners’ 7th and PPC Enterprises’ 2nd transaction in the United States.
  • This is Alston Capital Partners’ 2nd and PPC Enterprises’ 1st transaction in Texas.
Investment Fate
  • Inframark was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2017-07-03
Target Inframark
Sector Infrastructure
Buyer(s) Alston Capital Partners
PPC Enterprises
Sellers(s) Severn Trent
Deal Type Divestiture

Target

Inframark

Katy, Texas, United States
Inframark is an infrastructure services company focused on the operation and maintenance of water and wastewater systems, management of community infrastructure, and back-office services. Its infrastructure management services group serves 220 clients with financial, administrative, and specialized support services. Inframark is based in Katy, Texas.

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Buyer(S) 2

Buyer

Alston Capital Partners

New York, New York, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Alston Capital Partners is a lower middle-market private equity firm focused on investing in specialty manufacturing, environmental, and technology companies. Within specialty manufacturing, Alston looks for market leading, low fixed asset companies that produce high value-added products. Within the environmental sector, Alston targets businesses that reduce waste and improve resource consumption. Alston will consider a variety of transaction situations including buyouts, recapitalizations, divestitures, growth equity, turnarounds and minority investments. The Firm seeks opportunities with $10 to $150 million headquartered throughout the US and Canada. Alston Capital Partners was formed in 2011 and is based in New York City.


DEAL STATS #
Overall 7 of 8
Sector: Infrastructure M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-26 USA DeBusk

Deer Park, Texas, United States

USA DeBusk is a provider of highly specialized mechanical and industrial cleaning services including hydro blasting, transportation services, hydro cutting, vacuum services, chemical cleaning, hydro excavation, pigging and decoking services, hot and fixed bed inert catalyst handling and cleaning services, and specialty turnaround services. The company operates out of 22 field offices, providing services for customers in a wide variety of end-markets such as the downstream refining, petrochemical, power generation, and manufacturing sectors. USA DeBusk was founded in 2012 and is based in Deer Park, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-13 Bouclair

Pointe-Claire, Quebec, Canada

Bouclair is a home-decor retailer focused on outstanding customer service. Bouclair products are now available in-store and online, providing equal shopping opportunities for every Canadian at all times and during Friends and Family promotion. Bouclair was founded in 1970 and is based in Pointe-Claire, Quebec.

Buy -
Buyer

PPC Enterprises

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

PPC Enterprises is a private equity firm focused on investing in North America-based middle-market companies operating in the business services, industrial services, financial services, healthcare, and specialty chemicals sectors. The Firm looks to commit $25 to $150 million in profitable companies valued up to $500 million. PPC Enterprises was formed in 2012 and is based in New York City.


DEAL STATS #
Overall 2 of 9
Sector: Infrastructure M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 2 of 8
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Viteos Fund Services

Somerset, New Jersey, United States

Viteos Fund Services LLC is a provider of middle- and back-office technology and services for the investment management industry. The company leverages a proprietarily built technology platform to provide a range of post-trade accounting and operational solutions covering over 20 asset classes and 10 investment strategies. Viteos Fund Services was formed in 2003 and is based in Somerset, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-06 Private Client Resources

Wilton, Connecticut, United States

Private Client Resources is a financial technology company that provides automated, scalable data aggregation solutions to the wealth management sector. Private Client Resources was established in 2002 and is based in Wilton, Connecticut.

Buy -

Seller(S) 1

SELLER

Severn Trent

Coventry, United Kingdom

Category Company
Founded 1974
Sector Utilities
Employees9,846
Revenue 2.4B GBP (2025)
DESCRIPTION

Severn Trent is a provider and treater of water and wastewater, and internationally, through our two main businesses – Severn Trent Water and Severn Trent Services. Severn Trent was founded in 1974 and is based in Coventry, England.


DEAL STATS #
Overall 2 of 2
Sector: Infrastructure M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Dee Valley Group

Wrexham, United Kingdom

Dee Valley Group Plc is the licensed water undertaker for Wrexham, Chester and the surrounding areas, has been supplying water to its community for more than 150 years. Dee Valley supplies drinking water to approximately 125,000 domestic and business customers in northeast Wales and in northwest Cheshire.

Buy £79M