Announced
Completed
Financials
Sources
Tags
Domestic
Private
United States
water supply
Single Bidder
Acquisition
Friendly
Private Equity
Water
Majority
Completed
Synopsis
Alpine Investors, a private equity firm, and Madera Pumps, a provider of water well and pump services, formed Axia Water, a water services business company. Financial terms were not disclosed. “We are excited to launch Axia through our partnership with the Madera team, who have built an outstanding water services company, which has benefited thousands of customers for decades across the Central Valley. Axia brings the benefits of a large company to entrepreneurial water services businesses, while Madera and well-established companies like it will continue to operate independently. Together, we have a unique opportunity to transform the water services sector, attract new talent and harness growth opportunities for this essential environmental service,” Amanda Neilson, Axia Water CEO.
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