M&A Deal Summary

Edgewater Capital Partners Acquires AmeriWater

On July 19, 2022, private equity firm Edgewater Capital Partners acquired utilities company AmeriWater from EIH Capital Partners

Acquisition Highlights
  • This is Edgewater Capital Partners’ 1st transaction in the Utilities sector.
  • This is Edgewater Capital Partners’ 25th transaction in the United States.
  • This is Edgewater Capital Partners’ 4th transaction in Ohio.

M&A Deal Summary

Date 2022-07-19
Target AmeriWater
Sector Utilities
Buyer(s) Edgewater Capital Partners
Sellers(s) EIH Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)

Target

AmeriWater

Dayton, Ohio, United States
AmeriWater is a provider of water treatment solutions for dialysis, healthcare, and industrial applications. AmeriWater was founded in 1995 and is based in Dayton, Ohio.

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Buyer(S) 1

Buyer

Edgewater Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Focused
DESCRIPTION

Edgewater Capital Partners is a private equity firm focused on acquiring established, lower middle-market companies. Prospective investment situations include corporate divestitures, management buyouts, and family business liquidity. The Firm's industry preferences include highly-engineered manufacturing, specialty chemicals, specialty Industrials, Life Science. Edgewater Capital Partners was formed in 1982 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 25 of 30
Sector (Utilities) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Ohio) 4 of 6
Country (United States) 25 of 29
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 DanChem

Danville, Virginia, United States

DanChem is a custom manufacturer (toller) of fine and specialty chemical products providing capacity and technical support to major companies on a national and global scale. DanChem’s unique manufacturing technologies and flexibility enable to meet challenging customer needs within various end markets to include paints and coatings; fibers and textiles; agrochemicals; adhesives and sealants; performance polymers; additives; bio-based and renewable chemicals; water treatment; transportation; lubricants; personal care products; and pharmaceutical intermediates. DanChem was founded in 1960 and is based in Danville, Virginia.

Sell $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 GL Chemtec International

Oakville, Ontario, Canada

GL Chemtec International is a specialist in advanced chemistry R&D and scale-up services to support Active Pharmaceutical Ingredient (“API”) development, and the development of advanced materials for drug delivery, medical devices, and other life science applications. GL Chemtec International is based in Oakville, Ontario.

Buy -

Seller(S) 1

SELLER

EIH Capital Partners

Miami, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Empire Investment Holdings is a private investment firm that targets non-core divestitures of larger public companies. Empire looks for mature businesses with predictable revenues facing strategic, operational, and/or financial challenges. Industry sectors of interest include business services, niche manufacturing, distribution, and technology. Target companies typically have revenues of at least $50 million and are headquartered within the US. Empire Investment Holdings was formed in 2003 and is based in Miami, Florida.


DEAL STATS #
Overall 5 of 7
Sector (Utilities) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Ohio) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-30 AmeriWater

Dayton, Ohio, United States

AmeriWater is a provider of water treatment solutions for dialysis, healthcare, and industrial applications. AmeriWater was founded in 1995 and is based in Dayton, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-20 Sorst Streckmetall

Hanover, Germany

Sorst Streckmetall is a manufacturer and supplier of expanded metals and perforated metals in Europe. Sorst Streckmetall was founded in 1901 and is based in Hanover, Germany.

Sell -