M&A Deal Summary

Keystone Capital Acquires ClearWater Solutions

On March 1, 2021, private equity firm Keystone Capital acquired environmental company ClearWater Solutions

Acquisition Highlights
  • This is Keystone Capital’s 1st transaction in the Environmental sector.
  • This is Keystone Capital’s 30th transaction in the United States.
  • This is Keystone Capital’s 1st transaction in Alabama.

M&A Deal Summary
Date 2021-03-01
Target ClearWater Solutions
Sector Environmental
Buyer(s) Keystone Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

ClearWater Solutions

Auburn, Alabama, United States
ClearWater Solutions is an outsourced operations and maintenance service provider to municipal and private water and wastewater facilities across multiple states in the greater Southeastern U.S. CWS leverages its O&M expertise to take over plant operations for its clients, bringing superior service and knowledge to operate facilities more efficiently, cost effectively and in better compliance than what municipalities achieve with in-house efforts. CWS also provides public works outsourced services, CCTV, tank maintenance and construction services for clients in addition to its core outsourced water and wastewater facility O&M services.

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Buyer(S) 1

Buyer

Keystone Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 420M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Keystone Capital is a private equity firm focused on acquiring family businesses, corporate divestitures, industry consolidations, and special situations. Keystone prefers lower middle-market, US-based businesses with EBITDA of $3 to $15 million. Target sectors include specialty manufacturing, business services/outsourcing, food processing and ingredients, publishing, instrumentation, optical components, and healthcare products/services. Keystone will not invest in start-ups, turnarounds, commodities, defense/government contractors, retail stores, or restaurants. Keystone Capital was formed in 1994 and is based in Chicago, Illinois.

DEAL STATS #
Overall 30 of 35
Sector (Environmental) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 6 of 7
State (Alabama) 1 of 1
Country (United States) 30 of 34
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Inspire11

Chicago, Illinois, United States

Inspire11 is a digital transformation and innovation consultancy helping clients better leverage modern technology infrastructure, data science and analytics, and experience design to transform business processes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-09 Peak Technologies

Linthicum Heights, Maryland, United States

Peak Technologies designs and implements data collection and printing solutions for warehousing, manufacturing, distribution, and field-based operations. Peak Technologies was founded in 1986 and is based in Linthicum Heights, Maryland.

Sell -
Mergr

Product

Company

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