PE-backed Morsco buys Fortiline Waterworks

Morsco Inc, a portfolio company of Advent International, is buying Fortiline Waterworks. CHS Capital LLC is the seller. Advent will make a new "significant" equity investment to support the deal. Fortiline, of Concord, North Carolina, is a wholesale distributor of underground water, sewer and storm utility products in the United States.

DealsNorth AmericaUSBriefs