Eagle Merchant Partners Drives Growth with Atlantic Pipe Services
Eagle Merchant Partners, a private equity firm based in Atlanta, has successfully made a strategic investment in Atlantic Pipe Services, a prominent provider dedicated to the inspection, cleaning, and rehabilitation of stormwater and wastewater infrastructure.
Since its establishment in 2017, Atlantic Pipe Services has rapidly developed into one of Florida's leading providers of water infrastructure services. With a comprehensive range of maintenance and trenchless rehabilitation services, the company caters to both municipal and commercial clients, operating from seven strategic locations throughout the state.
In a collaborative effort, Eagle Merchant Partners and Atlantic Pipe Services plan to elevate the company's growth trajectory by broadening its geographical presence, investing in personnel and equipment, and pursuing strategic acquisitions that will enhance APS's capabilities and expand its service reach.
Jon Hall, the CEO of Atlantic Pipe Services, expressed pride in the company's achievements, stating, "In just a few years, Atlantic Pipe Services has grown from an idea into a company earning regional recognition for how we serve our customers and support our team. This partnership with Eagle Merchant resonates with our core values and future vision. We’re eager about the opportunities this collaboration brings and what we can accomplish together."
John Egan from Eagle Merchant Partners highlighted the critical role that APS plays in maintaining aging water infrastructure for municipalities and communities. He noted, "The team has established a robust business distinguished by reliability, responsiveness, and technical expertise. We are thrilled to work alongside APS to enhance its operations and support its ongoing growth."
This investment marks the fourth platform investment from Eagle's Fund II and its sixth foray into the commercial services sector, showcasing a commitment to fostering companies that provide essential services. Eagle aims to scale Atlantic Pipe Services, deepening its existing municipal relationships while introducing innovative strategies to meet the increasing demand for infrastructure services.
William Blair took on the role of financial advisor for APS, while Burr & Forman provided legal counsel to the company. Raymond James served as the financial advisor for Eagle Merchant Partners, and King & Spalding acted as legal counsel. Financing for this transaction was facilitated by Principal Asset Management.
This collaboration positions Atlantic Pipe Services for a promising future, with ambitions to further develop its market presence and enhance its service offerings to meet the needs of communities relying on effective infrastructure solutions.
Frequently Asked Questions
What services does Atlantic Pipe Services provide?
Atlantic Pipe Services offers inspection, cleaning, and rehabilitation services for stormwater and wastewater infrastructure, focusing on both municipal and commercial clients.
Who is Eagle Merchant Partners?
Eagle Merchant Partners is a private equity firm based in Atlanta dedicated to investing in companies that provide critical services, particularly in the commercial sector.
How long has Atlantic Pipe Services been in operation?
Atlantic Pipe Services was founded in 2017 and has rapidly grown into a leading provider of water infrastructure services in Florida.
What is the aim of the partnership between Eagle and APS?
The partnership aims to accelerate APS's growth through expanded geographic coverage, investment in resources, and strategic acquisitions.
How does this investment benefit municipalities?
This investment helps municipalities maintain aging water infrastructure effectively, enhancing responsiveness and reliability in critical services.
