Newterra acquires Aeration from Granite Partners
Newterra Ltd has acquired Aeration Industries International LLC, a Chaska, Minnesota-based provider of wastewater aeration and mixing solutions. No financial terms were released for the deal, which saw Aeration sold by Granite Equity Partners, a U.S. private equity firm that has owned the business since 2010. Newterra is a Brockville, Ontario-based specialist in decentralized and modular water, wastewater, and groundwater remediation solutions. It said the deal will diversify revenue, support growth, and increase or add a presence in the industrial wastewater treatment and aquaculture markets. Newterra is backed XPV Water Partners and other investors.
7 March 2018•3 mins read
