M&A Deal Summary

Altos Partners Acquires Allied Underground

On August 26, 2021, private equity firm Altos Partners acquired infrastructure company Allied Underground

Acquisition Highlights
  • This is Altos Partners’ 1st transaction in the Infrastructure sector.
  • This is Altos Partners’ 2nd transaction in the United States.
  • This is Altos Partners’ 2nd transaction in Texas.

M&A Deal Summary
Date 2021-08-26
Target Allied Underground
Sector Infrastructure
Buyer(s) Altos Partners
Deal Type Recapitalization
Advisor(s) Generational Capital Markets, Inc. (Financial)

Target

Allied Underground

Bertram, Texas, United States
Allied Underground tackles complex infrastructure projects for clients across Central Texas. Its team of managers, superintendents, and skilled laborers focuses on underground water, wastewater, and storm sewer construction. Allied Underground was formed in 2012 and is based in Bertram, Texas.

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Buyer(S) 1

Buyer

Altos Partners

Investor Investor

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Altos Partners is a private equity firm that looks to work in close partnership with lower middle-market companies. The Firm targets growth-oriented opportunities and seeks businesses with at least $2 million of EBITDA and up to $75 million of revenue. Altos Partners was formed in 2010 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 3 of 3
Sector (Infrastructure) 1 of 1
Type (Recapitalization) 1 of 1
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-28 Westco

Houston, Texas, United States

Westco provides innovative landscape and construction services for a wide-range of customers, from large retail centers to corporate campuses, public spaces, and homeowner’s associations. Westco was founded in 1987 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 JL Filtration

Leduc, Alberta, Canada

JL Filtration is an industrial fluids filtration manufacturing and services company that provides comprehensive solutions to the environmental compliance challenges of its customers across Canada. JL Filtration was founded in 1986 and is based in Leduc, Alberta.

Sell -
Mergr

Product

Company

Legal