M&A Deal Summary

Behrman Capital Acquires Waterline Renewal Technologies

On April 10, 2019, private equity firm Behrman Capital acquired environmental company Waterline Renewal Technologies from Triwater Holdings

Acquisition Highlights
  • This is Behrman Capital’s 1st transaction in the Environmental sector.
  • This is Behrman Capital’s 26th transaction in the United States.
  • This is Behrman Capital’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2019-04-10
Target Waterline Renewal Technologies
Sector Environmental
Buyer(s) Behrman Capital
Sellers(s) Triwater Holdings
Deal Type Divestiture

Target

Waterline Renewal Technologies

Elk Grove Village, Illinois, United States
Waterline Renewal Technologies is a provider of engineered products used in the trenchless rehabilitation of wastewater infrastructure for municipal, commercial, industrial, and residential applications. Waterline Renewal Technologies 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 groundwater into the wastewater system. Waterline Renewal Technologies is based in Elk Grove Village, Illinois.

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Buyer(S) 1

Buyer

Behrman Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Behrman Capital is a private equity firm focused on management buyouts, leveraged buildups and recapitalizations of established growth companies. Areas of interest include healthcare, defense, specialty manufacturing, business to business outsourcing, and information technology. Behrman looks to invest in the range from $25 to $125 million of equity capital in companies generating sales of $25 to $250 million. Behrman Capital was formed in 1991. The Firm is based in New York City with an additional office in San Francisco.

DEAL STATS #
Overall 26 of 29
Sector (Environmental) 1 of 1
Type (Divestiture) 4 of 4
State (Illinois) 3 of 3
Country (United States) 26 of 29
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Emmes

Rockville, Maryland, United States

Emmes is a full-service clinical research organization dedicated to excellence in supporting the advancement of public health and biopharmaceutical innovation. Emmes was founded in 1977 and is based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 Tresys Technology

Columbia, Maryland, United States

Tresys Technology is a provider of comprehensive cybersecurity solutions that meet the challenges of the most demanding environments in the world. Tresys solutions safeguard classified government networks and ensure the secure delivery of critical industrial, financial and operational data. Along with unparalleled industry expertise, Tresys’ certified and accredited products protect information and ensure that the appropriate data gets to the correct location in a timely and secure manner. Tresys Technology was founded in 1999 and is based in Columbia, Maryland.

Sell -

Seller(S) 1

SELLER

Triwater Holdings

Lake Forest, Illinois, United States
Category Company
Sector Environmental
DESCRIPTION

Triwater Holdings LLC is a provider of products, services and technologies through multiple distribution channels to customers addressing critical water issues. Triwater serves the water treatment, water filtration and water infrastructure repair markets. Triwater Holdings is based in Lake Forest, Illinois.

DEAL STATS #
Overall 3 of 3
Sector (Environmental) 2 of 2
Type (Divestiture) 2 of 2
State (Illinois) 2 of 2
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 TWH Water Treatment Industries

Rosemont, Illinois, United States

TWH Water Treatment Industries, Inc. is a provider of water treatment program solutions for national, regional and local customers across diverse end markets. The Company's chemical-based treatment programs protect mission critical assets, reduce energy / water usage and improve asset efficiency and longevity by preventing scale formation on heat exchange surfaces, minimizing other surface deposits and inhibiting corrosion. Water Treatment Solutions is based in Rosemont, Illinois, and encompasses the following brands: Nashville Chemical, Klenzoid Canada, Eldon Water and Chemco Products.

Sell -
Mergr

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