Griffin Dewatering Acquires Pump & Integrity Rental Segment from Cross Country Infrastructure Services

December 8, 2022

Griffin Dewatering, a portfolio company of Crossplane Capital, has acquired the Pump & Integrity rental segment of Cross Country Infrastructure Services, adding fleet, technical expertise and branch locations to create a national water-management platform. Graycliff Partners provided subordinated debt and a minority equity investment to support Crossplane Capital's acquisition and the merger of Pump & Integrity into Griffin, enabling geographic expansion, equipment efficiencies and cross-sell opportunities.

Buyers
Griffin Dewatering, Crossplane Capital, Graycliff Partners LP
Targets
Pump & Integrity (Pump & Integrity rental segment of Cross Country Infrastructure Services)
Sellers
Cross Country Infrastructure Services
Platforms
Griffin Dewatering
Location
Texas, United States
Transaction Type
Addon

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