Infrastructure Acquisitions in South Carolina

Azuria Corporation, a portfolio company of New Mountain Capital, has acquired Infrastructure Services Group LLC (ISG) — including its operating subsidiaries Mr. Rehab, Green Mountain Pipeline Services and Inland Waters — from Juniper Capital Management. The deal brings ISG's trenchless water and wastewater inspection, maintenance and rehabilitation capabilities into Azuria's technology-enabled water solutions platform, expanding Azuria’s regional services and technical offerings.

RoadSafe Traffic Systems, a PE-backed infrastructure safety services platform, has acquired B.C. Cannon Co., Inc., a Greenville, South Carolina-based traffic control and road striping services provider. The deal is RoadSafe's 12th acquisition since partnering with private equity firms Investcorp and Trilantic North America in 2021 and expands RoadSafe's operations across the Carolinas.

Compass Group Equity Partners has invested in Anderson UnderBridge, a York, South Carolina-based manufacturer and rental operator of mobile bridge inspection trailers and trucks. The partnership establishes Anderson as a platform in Compass Group's Fund II and will fund expanded manufacturing, a larger rental fleet, certification services, geographic expansion, and potential bolt-on acquisitions.

Northleaf Capital Partners and family office AVALT acquired a majority interest in AMAROK, LLC from Snow Phipps Group, with AMAROK management retaining a minority stake. AMAROK, based in Columbia, South Carolina, operates approximately 5,000 solar-powered electric fence and perimeter security sites across the continental United States under ongoing service and maintenance agreements. Financial terms were not disclosed; Golub Capital provided debt financing for the transaction.