M&A Deal Summary

Ridgewood Infrastructure Acquires WRM

On January 8, 2024, infrastructure investor Ridgewood Infrastructure acquired environmental company WRM

Acquisition Highlights
  • This is Ridgewood Infrastructure’s 1st transaction in the Environmental sector.
  • This is Ridgewood Infrastructure’s 5th transaction in the United States.
  • This is Ridgewood Infrastructure’s 2nd transaction in Texas.

M&A Deal Summary

Date 2024-01-08
Target WRM
Sector Environmental
Buyer(s) Ridgewood Infrastructure
Deal Type Buyout (LBO, MBO, MBI)

Target

WRM

Houston, Texas, United States
WRM is a mission-critical provider of liquids and wastewater collection, treatment, and disposal services. WRM controls the full value chain of liquids and wastewater management including numerous treatment facilities located in high-growth regions of the U.S. WRM is based in Houston, Texas.

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Buyer(S) 1

DESCRIPTION

Ridgewood Infrastructure invests in water-focused infrastructure and real asset businesses in the US lower middle-market. Ridgewood is an affiliate of real asset manager Ridgewood Companies and is based in New York City.


DEAL STATS #
Overall 5 of 5
Sector: Environmental M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: Texas M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 APP Jet Center

Ft. Pierce, Florida, United States

APP Jet Center is a fixed-base operator (“FBO”) that owns and operates essential aviation infrastructure. APP Jet Center was founded in 2009 and is based in Ft. Pierce, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 SiEnergy

Bee Cave, Texas, United States

SiEnergy is a natural gas distribution utility that serves approximately 70,000 residential and commercial customers in the greater metropolitan areas of Houston, Dallas, and Austin (known as the Texas Triangle). It provides infrastructure to residential and commercial developments in high-growth areas and has a current contracted customer backlog of over 180,000. SiEnergy was founded in 1998 and is based in Bee Cave, Texas.

Sell $273M