The McLean Group Advises Granite Equity Partners and its Portfolio Company, Aeration Industries on its Sale to Newterra
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The McLean Group Advises Granite Equity Partners and its Portfolio Company, Aeration Industries on its Sale to Newterra

MCLEAN, VA – March 15, 2018 – Newterra, a leader in decentralized and modular water, wastewater and groundwater remediation solutions, acquired Aeration Industries International, LLC. Aeration Industries is an internationally recognized leader in wastewater aeration and mixing solutions serving the industrial, municipal and aquaculture markets. Aeration Industries has been owned by Granite Equity Partners of St. Cloud, MN, since 2010.  The McLean Group’s Water, Wastewater and Environmental (WWE) group served as the exclusive transaction advisor to Granite Equity Partners and its portfolio company, Aeration Industries.

The acquisition will further diversify Newterra’s revenue mix and strengthen its growing industrial footprint, highlighted by expansion into new international markets, increased presence in industrial wastewater treatment, and stronger presence in the fast-growing global aquaculture market. Together, the companies have more than 220 highly-trained water professionals with experience operating in more than 110 countries. The combined company will leverage shared resources and work together to offer expanded services and solutions.

Rick Bauerly, CEO and Founder of Granite Equity Partners stated, “We were delighted with The McLean Group as our advisor in the sale of Aeration Industries to Newterra.  Early in the process, they brought excellent industry insight and contacts.  Mid-way, they were highly professional, skilled, and thoughtful in the relationships, communication, and negotiations of a win-win deal for all parties.  Toward the end, they have a specialized team and process for diligence, documentation, and closing that was efficient and effective.  TMG brought great value as a partner.”

“The acquisition underscores a few key trends within the industrial wastewater services segment: namely continued efforts to improve plant operational efficiency, enhance system performance and retrofit industrial and municipal infrastructure,” noted Mark Bertler, Managing Director of The McLean Group’s WWE practice.

About The McLean Group

The McLean Group, LLC is a 25-year-old boutique investment bank and financial services firm focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, and Maritime markets. Its team of licensed professionals brings deep industry experience and relentless execution to every client engagement. The McLean Group provides solutions that blend financial creativity with operational expertise. Whether they are providing transaction advisory services, valuation opinions, or growth capital, the Firm’s services are unmatched in these core markets. Learn more at

Aeration Industries acquired by o Newterra