Industrial Growth Partners Acquires Hydromax USA, LLC
Industrial Growth Partners, in partnership with management, has acquired Hydromax USA, LLC and its affiliated entities and subsidiaries (collectively, “HUSA” or the “Company”).
Headquartered in Omaha, Nebraska, HUSA is a leading provider of outsourced infrastructure services to utilities, municipalities, and EPC contractors within gas, water and wastewater end markets. The Company primarily focuses on providing tech-enabled, customizable field services for cross bore inspection and identification, gas leak detection, asset condition assessments, infrastructure mapping, asset performance evaluations, regulatory compliance tests and other data collection and analysis tasks. To more effectively deliver services, HUSA leverages its extensive data repository to offer cutting edge analysis and technological solutions to its customers. The solutions provided by HUSA satisfy and improve customers’ regulatory compliance, improve public safety, ensure asset functionality, and provide critical data to help utilities better manage vast and complex networks of infrastructure.
“IGP’s familiarity and experience within industrial and utility services make them the ideal partner for Hydromax,” said Jon Smith, CEO of HUSA. “We are excited to partner with IGP for strategic and operational support as we continue to grow and strengthen our business. Their expertise and track record of partnership makes IGP the right partner as we continue with our next stage of our growth.”
On December 30, 2020, Industrial Growth Partners V, L.P., in partnership with management, acquired HUSA, marking the ninth platform investment for IGP’s fifth fund. IGP acquired HUSA from Warren Equity Partners, who will retain a minority equity stake in the Company. The transaction creates a platform for HUSA to accelerate its growth by aggressively pursuing its strategic initiatives. The acquisition is an ideal fit with IGP’s strategy of investing in niche industrial companies with leading market shares, significant growth opportunities and outstanding management teams. To learn more about HUSA, please visit www.hydromaxusa.com.