Announced
Completed
Financials
Sources
Tags
Pipelines
Private
Completed
pipe inspection
Acquisition
Private Equity
United States
Single Bidder
Synopsis
ORIX Capital Partners LLC, a New York-based private equity firm and business unit of ORIX USA Corporation, announced that it has sponsored a private equity investment and has acquired Hoffman Southwest Corp., a rapidly growing provider of water flow inspection, repair and cleaning services. “Our country’s aging infrastructure will drive enormous demand for underground infrastructure risk mitigation as municipalities and utilities work to ensure our pipes are functioning safely and properly for the public,” Terry Suzuki, ORIX Capital Partners President and CEO. “We will seek strategic add-ons which will complement HSW’s historically strong organic growth and support Burel’s team in building a long-standing legacy, known for customer-focused service, safety, technology and industry leading insights and initiatives.”
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