Ropes & Gray represented Azuria Water Solutions, a New Mountain Capital portfolio company, in the acquisition of Waterline Renewal Technologies, a Behrman Capital portfolio company. The transaction closed on Feb. 20. Financial terms of the transaction were not disclosed.
Azuria is the world infrastructure rehabilitation leader providing products, solutions, and services across many vertical markets to rehabilitate aging infrastructure.
New Mountain Capital, together with its affiliates, manages private equity, credit, and net lease capital with aggregate assets under management of approximately $60 billion.
Waterline is a leading provider of engineered products for the trenchless rehabilitation of wastewater infrastructure.
The deal team was led by private equity partners Todd B. Kornreich and Carl Marcellino, tax partner Amanda Holt, IP transactions partner Jordan Altman, litigation & enforcement partner Jonathan Klarfeld, executive compensation & employee benefits partner Allie Alperovich, employment partner Stephanie Bruce, real estate partner Peter Alpert, and private equity partner Deidre Johnson.
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.