Investment Summary

Brightstar Capital Partners Invests In Texas Water Supply

On October 10, 2017, private equity firm Brightstar Capital Partners invested in utilities company Texas Water Supply

Investment Highlights
  • This is Brightstar Capital Partners’ 1st transaction in the Utilities sector.
  • This is Brightstar Capital Partners’ 2nd transaction in the United States.
  • This is Brightstar Capital Partners’ 2nd transaction in Texas.

Investment Summary

Date 2017-10-10
Target Texas Water Supply
Sector Utilities
Investor(s) Brightstar Capital Partners
Deal Type Growth Capital

Target

Texas Water Supply

Boerne, Texas, United States
Texas Water Supply delivers water across central Texas via privately-owned-and-operated good fields with enough annual water supply to provide sustainable drinking water to more than 200,000 people. Sourcing from a naturally-recharged and self-sustaining aquifer, the company operates in one of the highest growth regions in the country where, according to projections, the population will double by 2050. Texas Water Supply was founded in 1999 and is based in Boerne, Texas.

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Investor(S) 1

Investor
DESCRIPTION

Brightstar Capital Partners is a middle-market private equity firm focused on partnering with closely held and family-owned companies. Sectors of interest include business services, consumer products/services, and industrials. Brightstar Capital Partners was established in 2015 and is based in New York City.


DEAL STATS #
Overall 2 of 16
Sector (Utilities) 1 of 1
Type (Growth Capital) 1 of 2
State (Texas) 2 of 3
Country (United States) 2 of 15
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 ReMarkets

Austin, Texas, United States

ReMarkets is a provider of lifecycle management solutions for technology assets. The Company provides customers with quality, certified equipment that has been rigorously tested, inspected, and refurbished in our certified facilities. ReMarkets sources high-quality systems, parts, and components directly from manufacturers and service providers to provide the best quality and consistency of inventory. Its rigorous asset recovery process is designed to return products to "like new" condition, ensure the performance and security of the refurbished devices, and guarantee customer satisfaction. Remarkets is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 QualTek Services

Blue Bell, Pennsylvania, United States

QualTek Services is a provider of turnkey solutions, including engineering, installation, fulfillment, and program management, to the North American telecommunications and power sectors. QualTek provides end-to-end infrastructure services solutions to the wireline (NX Utilities), wireless (Empire Telecom and Velocitel), and residential and commercial fulfillment (QualSat and ACI) segments of the market. With experienced management, qualified field technicians, state-of-the-art data management systems, and a dedicated network of contractors, QualTek is a premier partner to some of the largest leading companies in the telecommunications and power industries. QualTek Services was founded in 2012 and is based in Blue Bell, Pennsylvania. QualTek Services commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy on May 24, 2023.

Buy -