MIAMI--(BUSINESS WIRE)--Empire, a private investment firm, announced today that it has completed the acquisition of AmeriWater, LLC from SUEZ North America, Inc, on December 30, 2016. The acquisition was made through Empire’s institutional fund, EIH Capital Partners, LP. Financial terms were not disclosed.
AmeriWater (www.ameriwater.com) is a premier provider of water treatment solutions for dialysis, healthcare and industrial applications. Established in 1995, AmeriWater is headquartered in Dayton, Ohio with regional distributors across the Western Hemisphere.
"We are pleased to partner with such a well-respected market leader and are prepared to provide the AmeriWater team with the support and resources required for them to achieve impactful growth,” said David F. Alfonso, executive chairman of Empire.
Evan Yellin, Managing Director of EC Mergers & Acquisitions, added, “This was one of several transactions our firm completed with Empire this year. As usual, it was a pleasure to work with the Empire team. AmeriWater is a truly great business, and there were several eager and qualified suitors. We were certain SUEZ had made the correct choice in moving forward with Empire. In our global M&A practice, we interact with numerous strategic acquirers and financial sponsors, and we were more than confident Empire would move quickly and efficiently to close the transaction. AmeriWater now has a great opportunity and a strong partner to support them in the next stage of its development. We look forward to watching that unfold."
Empire engaged McDermott Will & Emery LLP and Lockton Companies as its advisors for the transaction. EC Mergers & Acquisitions acted as the exclusive sell-side advisor.
Empire is a private investment firm which acquires controlling interests in mature, lower middle-market businesses. For more information, please visit www.empireih.com.