Azuria Water Solutions Acquires North American Pipeline Management
Deal News | Nov 15, 2024 | Globenewswire
Azuria Water Solutions, a leader in infrastructure maintenance and technology-enabled water solutions, has announced its acquisition of North American Pipeline Management, Inc. (NAPM), a utility contractor based in Marietta, Georgia. NAPM, established in 2005 by Shannon and Dorelly Herford, will operate as an independent division within Azuria. With a focus on trenchless solutions for sewer rehabilitation and replacement, NAPM brings over 15 years of expertise in delivering comprehensive pipeline services. These services include pipe-bursting, sliplining, and horizontal directional drilling, among others. Azuria, founded in 1971, aims to enhance its sustainable and cost-effective water pipeline solutions through the acquisition, while maintaining NAPM's operational integrity and leadership.
Sectors
- Water and Waste Management
- Construction and Engineering
Geography
- United States – The acquisition involves a U.S.-based company, North American Pipeline Management, with operations in the Carolinas and Georgia.
- Georgia – NAPM is headquartered in Marietta, Georgia and primarily operates within this region.
Industry
- Water and Waste Management – The acquisition involves companies providing technology solutions and services for water infrastructure, specifically in maintenance and rehabilitation.
- Construction and Engineering – Both Azuria and NAPM are involved in construction-related activities focusing on pipeline and utility management.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Azuria Water Solutions | Acquirer | Company | A leading provider of technology-enabled water solutions focused on maintenance and infrastructure. |
| North American Pipeline Management, Inc. | Target company | Company | NAPM specializes in sewer rehabilitation and pipeline services based in Marietta, Georgia. |
| Shannon Herford | Leadership/Founder | Person | Co-founder of NAPM and will remain in a leadership role post-acquisition. |
| Dorelly Herford | Co-founder | Person | Co-founder of NAPM, involved in establishing the company. |