EQT Mid Market US closes US $270M acquisition of Innovyze from Stantec

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 Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

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.