M&A Deal Summary

Ember Infrastructure Acquires GWTT

On June 21, 2023, infrastructure investor Ember Infrastructure acquired machinery company GWTT from Hudson Ferry Capital

Acquisition Highlights
  • This is Ember Infrastructure’s 1st transaction in the Machinery sector.
  • This is Ember Infrastructure’s 1st transaction in the United States.
  • This is Ember Infrastructure’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-06-21
Target GWTT
Sector Machinery
Buyer(s) Ember Infrastructure
Sellers(s) Hudson Ferry Capital
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
Winston & Strawn (Legal)

Target

GWTT

Wharton, New Jersey, United States
GWTT designs manufacture installs, and operates water treatment, air treatment, and soil vapor extraction systems. The company serves customers in the environmental consulting, chemical, pharmaceutical, utility, general industrial, and oil & gas sectors. GWTT was founded in 1996 and is based in Wharton, New Jersey.

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Buyer(S) 1

Buyer

Ember Infrastructure

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2018
Size Large
Type Sector Focused
DESCRIPTION

Ember Infrastructure is a private equity firm focused on acquiring and investing in infrastructure assets that reduce carbon intensity and improve resource efficiency. The Firm targets mid-sized companies and will consider opportunities throughout North America. Specific areas of interest include energy, water, waste, and industrials. Ember Infrastructure was formed in 2018 and is based in New York, New York.

DEAL STATS #
Overall 1 of 2
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 H2O Innovation

Quebec City, Quebec, Canada

H2O Innovation is a provider of membrane filtration solutions for water treatment. H2O Innovation was founded in 2000 and is based in Quebec City, Quebec.

Buy CA$395M

Seller(S) 1

SELLER

Hudson Ferry Capital

Rye Brook, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Hudson Ferry Capital is a private equity firm that seeks control investments in established mid-sized US-based businesses with experienced management, high barriers to entry, and differentiated products/services. Hudson targets companies valued between $15 and $50 million with revenues up to $75 million and EBITDA of at least $3 million. Sectors of interest include niche manufacturing, building products, business services, and outsourcing. Hudson Ferry Capital was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 7 of 7
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Alcom

Winslow, Maine, United States

Alcom designs and manufactures specialty aluminum trailers that are sold primarily in the United States and Canada. Alcom produces highly featured aluminum trailers in hundreds of configurations based on customer requests. Its dealer network includes over 300 dealers. The company’s brand names include Mission Trailers, SnoPro/CargoPro, E-Z Hauler, and High Country. Alcom was founded in 2005 and is based in Winslow, Maine.

Sell -
Mergr

Product

Company

Legal