PURIS Propels Growth with Creekside Acquisition
Deal News | Feb 24, 2025 | PR Newswire Cision J.F. Lehman & Company
PURIS, a portfolio company of J.F. Lehman & Company (JFLCO), has completed its acquisition of Creekside through its Insight Pipe and IPC Services brands. Creekside is a renowned provider of infrastructure and environmental services, specializing in trenchless pipeline rehabilitation for wastewater and stormwater sewer systems. This acquisition marks PURIS' first strategic move following its recapitalization by JFLCO in 2024. The deal emphasizes PURIS' commitment to growth by integrating Creekside's capabilities. A&O Shearman provided legal counsel for the buyers, while Strategic Advisors offered financial advice. General Atlantic Credit was instrumental in financing the transaction, highlighting the synergistic fit between the companies. This acquisition reinforces PURIS' ambition to lead in providing minimally disruptive, cost-effective trenchless pipe solutions across North America.
Sectors
- Infrastructure Services
- Environmental Services
- Private Equity
Geography
- United States – The acquisition and involved companies are primarily located in the U.S., including PA, TX, NY, and the larger North American market.
Industry
- Infrastructure Services – The acquisition involves Creekside, a company providing infrastructure services such as trenchless pipeline rehabilitation.
- Environmental Services – Creekside also provides environmental services, particularly in the sectors of wastewater and stormwater management.
- Private Equity – J.F. Lehman & Company represents the private equity sector, facilitating growth through strategic acquisitions.
Financials
- Not provided – No specific financial details about the deal or acquisition price are included in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PURIS, LLC | Acquiring Company | Company | A portfolio company focused on water infrastructure and pipe rehabilitation services. |
| Creekside | Target Company | Company | An infrastructure and environmental services provider specializing in trenchless pipeline rehabilitation. |
| J.F. Lehman & Company | Private Equity Firm | Company | The private equity firm providing investment backing to PURIS. |
| Michael Marburger | Founder and President | Person | Founder and President of Creekside who commented on the acquisition. |
| Mick Fegan | CEO | Person | Chief Executive Officer of PURIS who commented on the acquisition. |
| Dave Thomas | Managing Director | Person | Managing Director at J.F. Lehman & Company involved in the acquisition. |
| A&O Shearman | Legal Advisor | Company | Provided legal counsel to PURIS and J.F. Lehman & Company. |
| General Atlantic Credit | Financier | Company | Arranged financing for the acquisition. |
| PSP Investments Credit USA LLC | Lead Investor | Company | Served as the lead investor in the acquisition financing. |
| Strategic Advisors | Financial Advisor | Company | Served as financial advisor for the acquisition. |
| Metz Lewis Brodman Must O'Keefe LLC | Legal Advisor | Company | Provided legal counsel to Creekside. |