Hudson Ferry Exits Investment in GWTT
STAMFORD, CT, June 16, 2023 - Hudson Ferry Capital has successfully exited its investment in Ground/Water Treatment & Technology, LLC ("GWTT" or the "Company"). GWTT is headquartered in Wharton, NJ and is a full-service provider of commercial water treatment services including process and design engineering, system construction and startup, operations & maintenance, system optimization, and equipment sales and rentals.
Hudson Ferry Capital, alongside management, acquired GWTT in December 2013. We deployed a targeted growth strategy for GWTT, which was focused on delivering complex water treatment solutions to fortune 500 clients.
“We are very pleased with our investment in GWTT. The Company established a leading position in the remediation of coal combustion residual ash ponds, treating and discharging billions of gallons of 100% compliant water for major utility clients. It was a pleasure to work with GWTT’s dedicated and experienced management team to drive focused growth and generate a 4x multiple of invested capital for our limited partners,” said Timothy Ross, a Partner with Hudson Ferry Capital.
Raymond James, a diversified financial services company, acted as GWTT’s exclusive financial advisor and Winston & Strawn provided legal services for the transaction.
About Hudson Ferry Capital
Hudson Ferry Capital (www.hudsonferry.com) is a Connecticut -based private equity firm that specializes in investing in lower middle market companies. The firm partners with entrepreneurial owners and managers of established privately-owned companies that are differentiated through product or process innovation. The principals of Hudson Ferry Capital have invested in dozens of niche manufacturers, business services companies and outsourcing providers over the last several decades. As a trusted financial partner, Hudson Ferry Capital can provide liquidity to current owners, provide capital to execute a growth strategy, and assist in transitioning an organization from a smaller or regional family-owned business into a larger, integrated enterprise.
About GWTT
Founded in 1996, GWTT designs, fabricates, installs, and operates dewatering and water treatment systems throughout the United States. GWTT's service and product portfolio delivers innovative, customized, integrated water treatment solutions. GWTT's headquarters and equipment fabrication center are located in Wharton, New Jersey, and the company also maintains a regional service center in Millbury, Massachusetts. For more information, please visit www.gwttllc.com.
For more information about this transaction, please contact:
Timothy Ross
Partner
Hudson Ferry Capital
tross@hudsonferry.com
(212) 308-3079