Ridgewood Infrastructure, a leading infrastructure investor in the U.S., announced the acquisition of Waste Resources Management ("WRM"), a mission-critical provider of liquids and wastewater collection, treatment, and disposal serving the commercial and industrial market.
"WRM is an industry leader, operating a strategically advantaged, vertically integrated network of wastewater treatment facilities and related specialized rolling stock across several high-growth states," said Ryan Stewart, Partner at Ridgewood. He added: "WRM services are essential to its diversified customer base. We look forward to working with the WRM management team to scale the business and further enhance its service offerings."
WRM is an industry leader, operating a strategically advantaged, vertically integrated network of wastewater treatment facilities and related specialized rolling stock across several high-growth states
Ryan Wurgler, CEO of WRM, said: "We are excited to join forces with Ridgewood Infrastructure, which shares our focus on fostering long-term partnerships with customers and our commitment to operational excellence and sustainability." He said: "Ridgewood has a proven track record as the leader investing in U.S. water sector infrastructure and in helping companies like ours achieve transformational growth."
Ross Posner, Managing Partner of Ridgewood Infrastructure said: "We are thrilled to add WRM to our portfolio and look forward to working together to take the company to the next level." Posner added: "Ridgewood's investment in WRM exemplifies our continued ability to create differentiated investments in essential water and wastewater infrastructure on behalf of our investors."
Ridgewood was advised by Houlihan Lokey and Kirkland & Ellis.