Atlas-SSI Holdings, LLC (“Atlas-SSI” or the “Company”), a North American supplier of water management equipment for the protection of mission-critical assets and water ecosystems, announced its acquisition by the Sustainable Investing team at Goldman Sachs Alternatives. The transaction positions Atlas-SSI, previously a portfolio company of XPV Water Partners, to expand and meet increased demand in the water sector by upgrading aged infrastructure, enabling industrial growth and providing enhanced resilience in the wake of water related stress.
Atlas-SSI designs, manufactures and services customized screens, gates and barriers that serve as the first line of defense for facilities that utilize water. The Company’s offerings address non-discretionary demand across industrial, utility, municipal and commercial customers. Atlas-SSI’s products remove plastics and other pollution from water while protecting aquatic life, and through their re-manufacturing segment, the Company avoids carbon emissions by decreasing the use of virgin materials and contributes to reducing material waste.
The Company intends to utilize the global network and resources of Goldman Sachs to further accelerate growth in the water sector, including expansion into new markets and broadening its offerings, while continuing to improve service to the Company’s customer base.
Atlas-SSI’s end markets are experiencing significant tailwinds in North America. The municipal water sector is undergoing sizeable investment following decades of underinvestment, with the EPA estimating over $744bn required over two decades to upgrade water infrastructure. Industrial manufacturing is poised to grow amid onshoring to manage supply and national security risks. Power demand from data centers and electrification is expected to expand buildout of power generation facilities, which often require significant access to water systems. These trends will put further pressure on water systems and demand for Atlas-SSI solutions as an essential component in the functioning of the overall system.
Paul Lewis, CEO of Atlas-SSI stated “We are thrilled to partner with the team at Goldman Sachs Alternatives as we enter our next phase of growth. This partnership enables Atlas-SSI to accelerate our mission of delivering innovative water management solutions that protect critical infrastructure and ecosystems. With Goldman Sachs’ support, we’ll expand our capabilities, enhance our technology leadership and continue to meet the critical and growing needs of our customers.”
“Atlas-SSI provides essential equipment which serves as the first line of defense for mission-critical assets, with end markets having non-discretionary demand for high quality water,” said Jeff Possick of Goldman Sachs Alternatives. “The Company has built significant customer trust as one of the only end-to-end solutions providers in North America providing highly reliable equipment with 100% of manufacturing in the U.S. We believe Atlas-SSI is well positioned to capitalize on macro tailwinds by upgrading and servicing current systems to be more resilient and supporting new facility buildout. We’re proud to leverage our deep experience in the water sector to support Atlas-SSI as they expand their market leadership.”
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