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Announced

Completed

Turnspire Capital completed the acquisition of USG Water Solutions from Veolia.

Synopsis

Turnspire Capital, a private investment firm, completed the acquisition of USG Water Solutions, a provider of water asset management services for small and medium public water utilities, from Veolia, a utility services provider. Financial terms were not disclosed. “We are thrilled to acquire this incredible business. USG pioneered the tank maintenance program over thirty years ago and has maintained its position as the pre-eminent supplier in the market as a division of larger global corporations, most recently Veolia. As an independent company under Turnspire’s ownership, and led by John Flaugher and the talented current management team, USG can build on its legacy to achieve operational excellence and sustainable growth in tanks under management,” Ilya Koffman, Turnspire Managing Partner.

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