Shenandoah Acquires Pro-Pipe to Expand Operations

Deal News | May 06, 2025 | GenNx360 Capital Partners

GenNx360 Capital Partners, a New York-headquartered private equity firm, revealed that its portfolio company, Shenandoah, has procured Pro-Pipe Services, LLC from National Underground Group. Shenandoah, operating from Pompano Beach, Florida, specializes in underground infrastructure services, engaging primarily in sanitary and stormwater pipe cleaning, inspection, and rehabilitation offers. Pro-Pipe, with deep roots in the Southwest U.S., enhances Shenandoah’s geographic scope, specifically adding cross-bore inspection services to its repertoire. This acquisition is hailed as pivotal, promising broader coverage and enhanced service offerings to both public and private sectors across the U.S. The acquisition underscores Shenandoah's strategy to augment its service scale, backed by GenNx360's intent to catalyze the company's growth trajectory.

Sectors

  • Private Equity
  • Industrial Services
  • Environmental Services

Geography

  • United States – The transaction involves U.S.-based companies Shenandoah and Pro-Pipe, with operations in various states.

Industry

  • Private Equity – GenNx360 Capital Partners is a private equity firm involved in this acquisition.
  • Industrial Services – Shenandoah and Pro-Pipe operate within industrial services, focusing on underground infrastructure.
  • Environmental Services – Both companies provide services related to environmental management like sanitary and stormwater pipe cleaning.

Financials

    Participants

    NameRoleTypeDescription
    GenNx360 Capital PartnersPrivate Equity FirmCompanyA New York-based private equity firm managing the Shenandoah portfolio.
    ShenandoahAcquirerCompanyA Florida-based provider of underground infrastructure services and portfolio company of GenNx360.
    Pro-Pipe Services, LLCTargetCompanyA Southwest U.S.-based company providing pipe cleaning and inspection services.
    National Underground GroupVendorCompanyPrevious owner of Pro-Pipe Services, LLC.
    Winston & StrawnLegal AdvisorCompanyProvided legal counsel to Shenandoah and GenNx360.