M&A Deal Summary

Newterra Acquires Aeration Industries International

On March 6, 2018, Newterra acquired environmental company Aeration Industries International from Granite Partners

Acquisition Highlights
  • This is Newterra’s 1st transaction in the Environmental sector.
  • This is Newterra’s 1st transaction in the United States.
  • This is Newterra’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2018-03-06
Target Aeration Industries International
Sector Environmental
Buyer(s) Newterra
Sellers(s) Granite Partners
Deal Type Add-on Acquisition

Target

Aeration Industries International

Chaska, Minnesota, United States
Aeration Industries International has been combining engineering expertise with patented technologies to develop reliable, customized, surface aeration and mixing wastewater treatment solutions worldwide for more than 40 years. The product line includes the Aire-O2 Triton® Aerator and Mixer, the Aire-O2® Antifouling Aspirator, and systems including The Tri-Oval® Oxidation Ditch, Argos® SBR, and the Aire- O2 Bio-ffilmTM Fixed Film Media System. The equipment and systems help to solve the most challenging industrial and municipal wastewater treatment needs. Aeration Industries has also expanded its market-leading capabilities with the Aire-O2® Series II Aspirator for aquaculture pond treatment. The Series II has proven to optimize oxygen dispersion to support sustainable fish growth across the globe.

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Buyer(S) 1

Buyer

Newterra

Brockville, Ontario, Canada
Category Company
Founded 1863
Sector Environmental
DESCRIPTION

Newterra is a provider of decentralized water and wastewater treatment solutions to the global mining, oil & gas, and private development markets. Newterra was founded in 1863 and is based in Brockville, Ontario.

DEAL STATS #
Overall 1 of 5
Sector (Environmental) 1 of 4
Type (Add-on Acquisition) 1 of 3
State (Minnesota) 1 of 2
Country (United States) 1 of 5
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-07 H2O Engineering

San Luis Obispo, California, United States

H2O Engineering specializes in tailored water treatment solutions, including water treatment equipment, ozone remediation equipment, rentals and leases, system integration, consumable supply (chemical, parts, filters, membranes, and exchange services), system service, and automation. The H2O Engineering experience extends to industrial, remediation, food and beverage, water reuse, agriculture, power and utilities, breweries, wineries, and pharmaceutical projects. H2O Engineering was formed in 2000 and is based in San Luis Obispo, California.

Buy -

Seller(S) 1

SELLER

Granite Partners

St. Cloud, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Granite Equity Partners is a private equity firm that invests in established companies headquartered in the upper Midwest, with a preference for Minnesota based opportunities. Granite looks for businesses in a wide range of industries and targets management buyouts, recapitalizations, and growth capital financing transactions. Prospective companies generally have revenues between $10 to $100 million and EBITDA between $1 to $5 million. Granite Equity Partners was formed in 2002 and is based in St. Cloud, Minnesota with additional office in Northfield, Minnesota.

DEAL STATS #
Overall 6 of 6
Sector (Environmental) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Minnesota) 4 of 4
Country (United States) 6 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 Altimate Medical

Morton, Minnesota, United States

Altimate Medical engages in the design, development, and manufacture of standing frames and equipment to improve the quality of life for kids and adults using wheelchairs. Altimate Medical was founded in 1987 and is based in Morton, Minnesota.

Buy -
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