Underground Solutions, Inc. Closes $45 Million Financing Transaction and Announces Acquisition of Process Solutions, Inc. (PSI) - a Water Industry Leader in On-Site Disinfection
Business Wire - Wed Jul 23, 3:26PM CDT
Underground Solutions, Inc. (UGSI), a leader in water and wastewater infrastructure technologies, announced that it successfully closed a $45 million financing transaction with Riverwood Capital of Menlo Park, CA. The structured transaction provides for an initial investment of $30 million in UGSI's Series C preferred stock, with an option for an additional $15 million investment. The financing represents one of the largest private equity transactions in the water technology space in recent years.