EQT Mid Market US GP B.V. has closed previously announced acquisition of Innovyze, Inc. from Stantec Inc. (TSX/NYSE: STN) for US $270 million.
Founded in May 1996, Broomfield, Colorado based Innovyze is a leading global provider of wet infrastructure business analytics software solutions designed to meet the technological needs of water/wastewater utilities, government agencies, and engineering organizations worldwide.
Innovyze’s management team, led by Paul Boulos, will continue to lead the company.
Innovyze, a subsidiary of MWH Global, Inc., joined Stantec as part of the US $795 million acquisition of MWH in May 2016.
Robert W. Baird served as exclusive financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Stantec on the transaction.
photo credit: Innovyze
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
Latest posts by Ted Liu (see all)
- Link Global Technologies files for $1.5M IPO on CSE - January 17, 2019
- Altas Partners sells NSC Minerals to PE-backed Kissner Group - January 17, 2019
- K1 Investment’s PerfectServ acquires Telmediq - January 17, 2019