Ropes & Gray Represented New Mountain Capital in Combination of Azuria Water Solutions and Inframark

Ropes & Gray represented New Mountain Capital, LLC, Azuria Water Solutions, Inc. (“Azuria Water Solutions”) and Inframark, LLC (“Inframark”) in the strategic combination of Azuria Water Solutions and Inframark (together, “Azuria”). The transaction was announced in an April 23 press release.

The combined platform will generate more than $2.5 billion of revenue and offer a comprehensive set of technology-enabled solutions across the water ecosystem to help municipalities lower costs, improve compliance, and optimize capital allocation. Azuria will continue to be owned by funds managed by New Mountain Capital, including a newly raised $2.4 billion single-asset continuation vehicle and New Mountain’s latest flagship private equity fund, New Mountain Partners VII.

The team included private equity partners Carl Marcellino and Todd Korneich, associates Winne Kloo and Adam Knapton, finance partners Arek Maczka and Stefanie Birkmann, tax partners Adam Greenwood and Alyssa Kollmeyer, executive compensation & employee benefits partners Danna Kivell and Pascal Mayer, counsel Ariella Mutchler, HSR partner Deidre Johnson, antitrust partner Jonathan Klarfeld, and counsel Derek Yee.