Waterline Renewal Technologies Acquires Pipe Lining Supply

Azuria Water Solutions Acquires Waterline Renewal Technologies from Behrman Capital

February 27, 2026

Infrastructure

Behrman Capital sold its portfolio company, Waterline Renewal Technologies, to Azuria Water Solutions, a New Mountain Capital portfolio company. Waterline provides engineered products for the trenchless rehabilitation of wastewater and stormwater infrastructure; financial terms were not disclosed.

Platform Partners Acquires Progressive Pipeline Management (PPM)

November 21, 2024

Infrastructure

Platform Partners, LLC has acquired Progressive Pipeline Management (PPM), a trenchless pipeline rehabilitation contractor that specializes in cured-in-place lining for natural gas distribution pipelines. Commonwealth M&A served as exclusive sell-side advisor and the deal provides PPM with financial and strategic backing to support growth and innovation.

Integrated Water Services Acquires Hi-Line Industries

November 5, 2024

Manufacturing

Integrated Water Services, Inc. (IWS), a Sciens Water-backed water and wastewater treatment platform, has acquired Hi-Line Industries, a Brenham, Texas-based designer and manufacturer of custom-fabricated equipment. The deal vertically integrates Hi-Line's fabrication and CNC capabilities into IWS to support its modular MBR systems (including the BluBox) and broaden manufacturing capacity for future product and acquisition support.

J.F. Lehman & Company Consolidates Inland Pipe Rehabilitation, Inliner Solutions and Murphy Pipeline into PURIS

February 3, 2023

Infrastructure

J.F. Lehman & Company has combined Inland Pipe Rehabilitation, Inliner Solutions, and Murphy Pipeline Contractors into a single portfolio company rebranded as PURIS, a provider of trenchless water infrastructure rehabilitation. The deal creates a North American platform offering CIPP, pipe bursting, CompressionFit HDPE lining and in-house inspection and liner manufacturing to serve municipal sanitary, storm and potable water markets.

Inland Pipe Rehabilitation Acquires Murphy Pipeline Contractors

October 1, 2020

Infrastructure

Inland Pipe Rehabilitation (IPR), a portfolio company of an investment affiliate of J.F. Lehman & Company (JFLCO), has completed the acquisition of Murphy Pipeline Contractors. The deal adds Murphy's trenchless potable water rehabilitation capabilities (including its CompressionFit solution and pre-chlorinated pipe bursting) to IPR's existing wastewater and storm-water offerings as a complementary add-on to expand capabilities and national reach.

Behrman Capital Acquires Waterline Renewal Technologies

April 10, 2019

Infrastructure

Behrman Capital, a private equity firm, has acquired Waterline Renewal Technologies, a provider of engineered trenchless rehabilitation products and technologies for wastewater infrastructure. Waterline — previously a division of Triwater Holdings — will be led by its existing management team and will partner with Behrman to pursue growth initiatives, including technology expansion and selective add-on acquisitions.