Hudson Avenue Partners (“Hudson Avenue”) is pleased to announce that Turnspire Capital Partners (“Turnspire”) has acquired USG Water Solutions, a leading domestic provider of water infrastructure maintenance services for municipal and privately held assets, from Veolia North America, the US holding company of Veolia Environement S.A.
Hudson Avenue acted as exclusive financial advisor to Turnspire in arranging debt financing to support the acquisition and future growth capital needs of the platform.
USG Water Solutions is a national leader in providing maintenance services to municipal and private water companies across the United States and the leading provider of asset management programs for water and wastewater infrastructure for the municipal market. USG is comprised of the business that was previously known as Veolia Advanced Solutions and, before that, Suez Advanced Solutions.
For additional information, visit www.usgwater.com .
Turnspire Capital Partners invests in high-quality businesses that have reached strategic, financial, or operational inflection points and stand to benefit from our hands-on, operationally focused approach. Turnspire’s investment philosophy is predicated on creating value through operational improvements rather than through financial leverage. Turnspire strives to make each of its portfolio companies best-in-class in their respective industry niche, and then to grow the businesses through organic initiatives or strategic acquisitions.
For additional information, visit www.turnspirecap.com.