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HOFFMAN SOUTHWEST CORP / ORIX CORPORATION / Acquisition / Private

Financials

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Pipelines

Private

Completed

pipe inspection

Acquisition

Private Equity

United States

Single Bidder

Synopsis

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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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