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.