Harris Williams Advises ESG Operations, Inc. on its Merger with Inframark LLC

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised ESG Operations, Inc. (ESG) on its merger with Inframark LLC (Inframark), a leading independent provider of outsourced infrastructure services focused on operation and maintenance (O&M) of water and wastewater systems. ESG provides full-service operation, maintenance, management and consulting services to governmental and private sector entities, principally to support water and wastewater infrastructure. The transaction was led by Luke Semple, Matt White, Greg Waller, Marshall Wills and Ken Black of the Harris Williams Energy, Power & Infrastructure (EPI) Group.

“It has been a pleasure working with the ESG team on this important transaction,” said Matt White, a managing director at Harris Williams. “Founders Clay Sykes and Dan Groselle, and the rest of the team at ESG, built an incredible business by focusing on value creation for their customers and delivering exemplary service. The partnership with Inframark will create one of the premier providers in the sector.”

“ESG quickly became one of the most widely recognized and respected names in the water and wastewater sector,” said Luke Semple, a managing director at Harris Williams. “Their ability to alleviate customers’ pain points – for water assets and across the broader municipal services landscape – has enabled them to become one of the most trusted and valued partners for a range of municipal, government and industrial customers.”

“ESG and other water and wastewater and infrastructure service businesses continue to operate at the forefront of environmental, social and governance transitions,” added Greg Waller, a director at Harris Williams. “Working alongside the Inframark team last year and the ESG team over the past several months, we have seen incredibly strong interest from both strategic and financial investors looking to invest in and support businesses in this sector.”

Recognized as one of the fastest-growing utility operations and public works management companies in the Southeast, ESG was founded in 2003 and provides full-service operation, maintenance, management and consulting services to governmental and private sector entities. ESG works in partnership with its clients to provide water, wastewater, public works, design-build-operate and water tank maintenance services. A proven leader in the utility operations and public works management industry, ESG has received more awards for operations excellence over the past 18 years than all its competitors combined. ESG has 25 office locations throughout the Southeast.

Inframark is an independent American infrastructure services company focused on O&M of water and wastewater systems, management of community infrastructure, and back-office services. With more than 40 years of experience in managing water-related infrastructure, the company employs more than 1,800 professionals serving more than 300 public- and private-sector clients in 22 states. Its North American operations manages facilities that can treat over a billion gallons of drinking water and wastewater daily. It also manages more than 8,000 miles of wastewater collection and water distribution networks. Its infrastructure management services group serves 220 clients with financial, administrative and specialized support services.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams EPI Group has significant experience advising market leading providers of technology, services and products across a broad range of sectors. These sectors include energy management; infrastructure services; utility services; testing, inspection, and certification services; environmental services; engineering and construction; power products and technology; and energy technology. For more information on the Group’s experience, please visit the EPI Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: [email protected]). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

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