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Fortress Investment Group (“Fortress”) announced that funds managed by its affiliates have acquired Infra Pipe Solutions (“the company” or “IPS”), a leading manufacturer of small to large diameter high density polyethylene (HDPE) pipes and structures which are sold under brand names including Sclairpipe®, Weholite®, Endopure® and Enduct®.
Funds managed by affiliates of Fortress have acquired a majority of IPS’s equity; the company’s management team has retained a minority stake.
Infra Pipe Solutions is one of the largest HDPE pipe and conduit manufacturers in North America, with industry-leading technical knowledge and a product range that have been honed through more than 50 years of continuous HDPE pipe production and innovation. The company has grown significantly over the past decade through organic growth and strategic acquisitions, including the acquisition of Endot Industries.
“Our new partnership with Fortress is the start of an important next chapter for IPS, with increased investment to fuel our growth. We see strong demand for our product over the coming decades as hundreds of billions of dollars have been committed to projects across North America that rely on HDPE product,” said Bill Donaldson, CEO of Infra Pipe Solutions. “From the broad expansion and rehabilitation of potable water transmission in the US, to the ongoing build-out of broadband across rural Canada and the USA, to the huge demand for data transmission infrastructure created by AI, to the transmission of minerals fundamental to the clean-energy transition – Infra Pipe Solutions is exceptionally well-positioned to supply products that are essential to infrastructure development. This new investment in our company will increase our ability to meet the increased demand and better serve our customers.”
With manufacturing plants in Saskatoon, SK, Huntsville, ON, Rockaway, NJ, Pryor, OK, and Greeneville, TN, Infra Pipe Solutions today has a market-leading geographic footprint across North America, and a product range with market-leading breadth. The company’s products are designed for applications that include potable water, wastewater, storm water, irrigation, manholes, geothermal vaults and pump stations; natural gas distribution; mining of copper, nickel, lithium and other minerals; and telecommunications conduit.
