Cerberus Capital Management, a global company in alternative investing, acquired Landmark Structures, a full-service provider of water storage solutions in North America.
“For half a century, our relentless commitment to innovation and execution has established Landmark as a leader in water storage solutions,” Chris Lamon, president and CEO of Landmark, said. “The opportunity to take the next step in our journey alongside a premier and operationally-focused investor like Cerberus is a testament to the contributions of our team, the strength of our business, and the immense growth avenues ahead. We look forward to working with Cerberus to build upon our long track record of helping communities across North America ensure the safety, longevity, and reliability of their critical water storage infrastructure.”
“Landmark is an exceptional business with a rich history as a foundational player and trusted partner in the North American water storage infrastructure industry,” Patrick Moriarty, managing director at Cerberus, said. “We are confident that the company is well-positioned to capitalize on significant opportunities amid strong and growing demand for water storage infrastructure solutions. We are excited to partner with Chris and the team to support the company’s continued growth in this next chapter.”
Houlihan Lokey served as debt capital markets advisor and Dechert acted as legal counsel to Cerberus.
