H.I.G. Capital, a global alternative investment firm with more than $44 billion of equity capital under management, formed United Flow Technologies (UFT), a platform established to invest in the municipal and industrial water and wastewater market.
UFT’s first transaction was the recapitalization of MISCOwater. As part of the transaction, H.I.G. will partner with MISCOwater’s leadership team to support growth initiatives. The MISCOwater team and brand will remain in place. Terms of the transaction were not disclosed.
Founded in 1972 and headquartered in Foothill Ranch, CA, MISCOwater is a provider of process and equipment solutions to the municipal water, wastewater and industrial markets. MISCOwater provides its customers with products manufactured by original equipment manufacturers and services via multiple offices across 10 states in the western United States.
“We have an incredible opportunity to expand both organically and via acquisition and we are very excited to partner with H.I.G. to support these objectives. H.I.G.’s experience and resources will help us continue and accelerate our successful growth trajectory by enhancing our platform by adding new products and services and expanding into new geographies,” Chris McCampbell, CEO of MISCOwater, said. “We remain highly focused and committed to providing outstanding products and service to our customers and creating a dynamic work environment for our employees.”
“We are very excited to partner with the MISCOwater management team, who have a proven track record of providing the highest levels of quality products and services to their customers on behalf of leading OEMs,” Rahul Vinnakota, managing director at H.I.G. Capital, said. “The company’s blue-chip customer base, close relationships with leading OEMs and multiple growth levers make this an attractive investment.”
