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We look forward to accelerating the scalable growth plan against which Stephane and his leadership team are already executing. With experience spanning more than 40 years, Inframark provides overall management of water and wastewater systems in 19 states. Harris Williams advised Inframark, a portfolio company of PPC Enterprises and Alston Capital Partners, on its new partnership with New Mountain Capital. Since our founding twenty years ago, New Mountain has sought to consistently build great businesses in carefully chosen acyclical growth sectors, and to build a great and highly operationally-focused team. These funds include New Mountain's sixth flagship private equity fund, New Mountain Partners VI, L.P. ("Fund VI"), with $9.6 billion of capital, and its first non-control private equity fund . 1633 Broadway, 48th Floor | New York, New York 10019. We will strive to continue to build great businesses for the benefit of our investors, and the community at large, in the years ahead.. Inframark Partners with New Mountain Capital for Next Phase of Growth. INFRAMARK, LLC. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. It should not be assumed that an investment will be profitable or that the performance of any particular investment will equal its past performance. Within specialty manufacturing, Alston looks for market leading, low fixed asset companies that produce high value-added products. Since becoming Inframark three years ago under PPC and Alstons ownership, our team has placed an unwavering focus on deepening client relationships to become a recognized leader in water and infrastructure operations, said Stephane Bouvier, CEO of Inframark. Water Infrastructure Operations. www.newmountaincapital.com. Terms of the transaction were not disclosed. New Mountains credit strategy applies the firm's "defensive growth" investment philosophy to corporate lending opportunities. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. State University of New York at New Paltz (3) State of Vermont (3) Stellant Systems (3) Structural Group (3) Suffolk Construction (3) Sycuan (3) Systems Planning and Analysis, Inc. (3) TEXAS DEPARTMENT OF LICENSING AND REGULATION (3) TEXAS DEPARTMENT OF PUBLIC SAFETY DEPT 405 (3) TEXAS PARKS & WILDLIFE (3) THE DOE RUN COMPANY (3) TIAA (3 . Phone: 215.859.7239 The firm currently manages private equity, public equity, and credit funds with over $30B in assets under management. Inframark is a leading national provider of outsourced operations and maintenance ("O&M") services to water and wastewater treatment facilities for both municipal and industrial customers. Alston Capital Partners was formed in 2011 and is based in New York City. The expense delivers entry to capital that boosts Inframark's ability for expansion whilst protecting and setting up on its leadership position in the . ESG Operations is currently seeking a Utilities Project Manager in Training to join our team in Douglas, GA. Access Holdings - Regency Family. For more information, visit www.inframark.com. New Mountain has acquired its interest in Inframark from PPC Enterprises LLC (PPC) and Alston Capital Partners LLC (Alston). With its new partnership, Inframark will maintain its multi-faceted growth strategy focused on enhancing its service offering and expanding into new and adjacent markets. New Mountain Capital has closed two new private equity funds with $10.2 billion in total capital commitments. New Mountains investment approach has consistently emphasized business building and growth in economically acyclical industries across our private equity, credit, net lease and public equity investment strategies. Terms of the transaction were not disclosed. New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. Water Innovations Digital Magazine Archive. This includes contract management, billing, customer service, operations support, maintenance, and system improvements. Will His AI Plans Be Any Different? About New Mountain Capital New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital. Harris Williams served as the exclusive advisor to Inframark on this transaction. articles a month for anyone to read, even non-subscribers. New Mountain has raised over $36 billion of committed capital across private equity, credit and net lease investment strategies. The investment provides access to capital that enhances Inframarks capacity for growth while maintaining and building on its leadership position in the outsourced water services market. New Mountains Net Lease strategy seeks to acquire operationally critical real estate assets from sponsor-backed companies in defensive growth industries. New Mountain identified Inframark as part of its multi-year deep-dive sector initiatives in sustainability and infrastructure & utility services, which include a specific focus on water services. Sparta Systems was formed in 1994 and is based in Hamilton, New Jersey. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. The management team will continue to have a meaningful ownership interest alongside New Mountain. The two funds include its flagship fund, New Mountain Partners VI LP ("Fund VI"), with $9.6 billion of capital, and the firm's first non-control private equity fund, Strategic Equity Fund I LP ("SEF I") with $640 million of capital. Our firms expertise in supporting market leaders on their growth journey will be the basis for a meaningful partnership.. With more than 40 years of experience in managing water-related infrastructure, the company employs in excess of 1,500 people serving more than 400 clients in 19 states. New Mountain Capital, LLC ("New Mountain") Issues "Social Dashboard" Report For the Period Ending December 31, 2020. New Mountain Capital works systematically to establish expertise in additional sectors over time. The management team will continue to have a meaningful ownership interest alongside New Mountain. 1 . Bouclair was founded in 1970 and is based in Pointe-Claire, Quebec. Inframark's management team, led by CEO Stephane Bouvier, will continue to lead the business and have a meaningful ownership stake alongside New Mountain. The investors in Fund VI include approximately 300 of the worlds leading pension funds, insurance companies, sovereign wealth funds, asset managers, family offices, high net worth individuals and endowments. Since becoming Inframark three years ago under PPC and Alstons ownership, our team has placed an unwavering focus on deepening client relationships to become a recognized leader in water and infrastructure operations, said Stephane Bouvier, CEO of Inframark. Terms of the transaction were not disclosed. Its North American operations manages facilities that can treat over 900 million gallons of drinking water and wastewater daily. Before Valicor, he also served as Chief Executive Officer for ReCommunity Recycling, which was the largest independent processor of municipally generated curbside recyclables in the U.S. Before ReCommunity, James served as the Chief Executive Officer for Thermo Fluids Inc., which was the 3rd largest collector and processor of used motor oil in the U.S. Mr. Devlin joined the Board of Directors for Aperions portfolio Company Tri Con Works, which is a leading provider of landfill gas system construction projects and industrial construction projects, via their Diamondback construction division. The investments to date represent over 10% of Fund VI capital commitments and are followed by a strong pipeline of additional platform and add-on opportunities. All News. Delgado currently serves on the Board of Directors of HomeX, Qualus Power Services, Inframark, Horizon Services, Finvi, Pearce Services, Aegion . It also manages more than 7,000 miles of wastewater collection and water distribution networks. Deal marks successful exit for New Mountain Capital Windsor, Connecticut, New York, New York - October 14, 2021 - TRC, a leading, global consulting, engineering and construction firm that provides environmentally focused and digitally powered solutions, announced today a significant growth investment from Warburg Pincus, a leading global growth investor. INFRAMARK AND ESG OPERATIONS COMBINE TO FORM INFRAMARK-ESG, THE LEADING FULL-SERVICE INFRASTRUCTURE MANAGEMENT COMPANY. It also reflects New Mountain Capitals confidence in the firms strong reputation, robust operating model and outstanding approach to service. Over $20B of these sales come from our market-leading interconnected customer experiences, which combine cutting edge ecommerce capabilities with trusted value of our 2,000+ stores and . It also manages more than 7,000 miles of wastewater collection and water distribution networks. Abernathy MacGregor Additional details on New Mountains social responsibility can be found on the website. Its infrastructure management services group serves 220 clients with financial, administrative and specialized support services. Read the full #pressrelease here: https://loom.ly/GbjEaig. The firm currently. Feb 2001 - Aug 201413 years 7 months. Nothing presented herein is intended to constitute investment advice, and no investment decision should be made based on any information provided herein. Email: Jennifer.Flipping@inframark.com, New Mountain Capital Bluegrass sources raw milk from dairy farmers and processes it into a wide range of intermediate and shelf stable goods such as dry milk and cheese powders, non-dairy creamers, shortening powders, cheese, and specialty butters. New Mountains private equity strategy seeks to acquire the highest quality leaders in carefully selected "defensive growth" industries, and then to build those businesses. ("New Mountain", and together with such affiliates "Buyer"), a leading growth-oriented investment firm headquartered in New York, in a transaction valued at approximately $963 million that. Twelve years ago, in 2010, my private equity firm, New Mountain Capital, acquired a little-known Wisconsin software company, RedPrairie, for $565 million. New Mountain's aggregate assets under management total. Its infrastructure management services group serves 220 clients with financial, administrative and specialized support services. Its North American operations manages facilities that can treat over 900 million gallons of drinking water and wastewater daily. New Mountain has acquired its interest in Inframark from PPC Enterprises LLC (PPC) and Alston Capital Partners LLC (Alston). Mr. Devlin is a seasoned operating executive and investor with directly relevant industry knowledge and experience in waste management and environmental services industries. The Company is one of four national operators in the water and wastewater O&M space and the only "pure-play" provider. On behalf of PPC and Alston, we wish them all the best for the future.. The firm currently manages private equity, public equity, and credit funds with over $30 billion in assets under management. NEW YORK, August 01, 2022--New Mountain Capital Announces Intent to Acquire PerkinElmer's Applied, Food and Enterprise Services Businesses for up to $2.45 Billion New Mountain has acquired its interest in Inframark from PPC Enterprises LLC (PPC) and Alston Capital Partners LLC (Alston). At Inframark, he is the leader of the senior level management team charged with managing day-to-day operations for the Texas MUD Region with over 400 employees, 180 utility districts, and 128 water and wastewater facilities that serve over 400,000 Texans. There is a risk of loss from an investment in securities, including the potential loss of principal. Fund VI and SEF I will continue to pursue New Mountains strategy of emphasizing non-cyclical growth and business building for companies in carefully selected defensive growth industries. This is New Mountain Capitals 3rd transaction in Texas. GTCR - Ultimus Fund Solutions. The vast majority of Fund V investors returned for Fund VI, and the firm also added many new investors, with notable expansion from Asia, Europe and Latin American regions. Liked by Bill Shreve. The investment provides access to capital that enhances Inframark's capacity for growth while maintaining and building on its leadership position in the outsourced water . Musk Made a Mess at Twitter. The investment provides access to capital that enhances Inframarks capacity for growth while maintaining and building on its leadership position in the outsourced water services market. * Includes amounts committed, not all of which have been drawn down and invested to date. Inframark is a leading national provider of outsourced operations and maintenance (O&M) services to water and wastewater treatment facilities for both municipal and industrial customers. Serves as Interim Deputy Director of Field Operations for Pittsburgh Water and Sewer Authority. New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. James Devlin Chief Executive Officer, Inframark James Devlin serves as Chief Executive Officer of Inframark. New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. New Mountain already owns engineering and construction management firm TRC Companies, although it remains unclear what potential there is for Inframark to make use of TRC's capabilities. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. Harris Williams served as the exclusive advisor to Inframark on this transaction. Full-Time. Get the best of Water Online delivered straight to your Inbox! Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. As the world's largest independent clinical biostatistics research and development organization, Cytel helps leading pharmaceutical, biotech, and medical device companies improve clinical success rates via optimal study design, effective data management, and accurate statistical analysis.