#United States #Atlanta #refinancing #Water Utilities #USG Water Solutions

USG Water Solutions' Strategic Refinancing

USG Water Solutions, a prominent provider of water utility services in the U.S., has recently announced the successful completion of a significant refinancing initiative. This strategic move aims to enhance the company’s financial stability, allowing for substantial investments that will improve services throughout the municipal water sector.

Founded over 65 years ago, USG Water Solutions specializes in various water-related services, including storage tank management, plant rehabilitation, metering, and distribution systems. The company has firmly established itself as a trusted ally among small and mid-sized municipalities aiming to maintain and improve their water infrastructure.

CEO's Vision for Growth
John Flaugher, the Chief Executive Officer, expressed enthusiasm regarding this refinancing milestone. He emphasized that it would not only solidify the company's financial standing but also facilitate new investments in high-return growth opportunities. With the backing of Turnspire Capital Partners, USG Water Solutions contemplates a future where it can expand its reach and enhance its service offerings across a growing municipal market.

Expansion and Market Demand
The company reported a notable increase in its installed base of water tanks, a direct response to rising market demand. Their advanced metering infrastructure (AMI) solutions recently achieved record-high sales, fueled by an increased interest in smart technologies that promote efficiency and reliability in water management.

USG Water Solutions has cultivated robust customer engagement, which has translated into higher renewal rates and deepening relationships with clients. By diversifying its service platform, the company aims to meet the evolving needs of water utilities in various regions, setting a new standard for service delivery in the industry.

Commitment to Safety and Service Quality
Safety remains a cornerstone of USG Water Solutions' operational strategy. The company prides itself on a world-class safety record, a testament to their dedication to quality services within critical water infrastructure environments. The successful refinancing will bolster this commitment, equipping the company to deliver not just effective services but also prioritize the safety of its workforce and the communities it serves.

USG Water Solutions acknowledges the instrumental support received from Wells Fargo and Overland Advantage throughout this recapitalization process. Additionally, Piper Sandler acted as a financial advisor, ensuring the refinancing was executed smoothly, priming USG Water for the next stage of growth.

Looking Ahead
As USG Water Solutions positions itself for an expanded role in the municipal water sector, it remains unwavering in its dedication to helping local governments maintain reliable and sustainable water systems. With over 600 maintenance professionals operating from 11 strategically-located service centers, the company is deeply committed to being part of the communities it serves, ensuring high-quality service delivery tailored to local needs.

For more insights on USG Water Solutions and its extensive range of services, visit their official website at www.usgwater.com.