The McLean Group Advises Granite Equity Partners and its Portfolio Company, Aeration Industries on its Sale to Newterra

MCLEAN, VA – March 15, 2018 – Newterra, a leader in decentralized and modular water, wastewater and groundwater remediation solutions, acquired Aeration Industries International, LLC. Aeration Industries is an internationally recognized leader in wastewater aeration and mixing solutions serving the industrial, municipal and aquaculture markets. Aeration Industries has been owned by Granite Equity Partners of St. Cloud, MN, since 2010. The McLean Group’s Water, Wastewater and Environmental (WWE) group served as the exclusive transaction advisor to Granite Equity Partners and its portfolio company, Aeration Industries.

The acquisition will further diversify Newterra’s revenue mix and strengthen its growing industrial footprint, highlighted by expansion into new international markets, increased presence in industrial wastewater treatment, and stronger presence in the fast-growing global aquaculture market. Together, the companies have more than 220 highly-trained water professionals with experience operating in more than 110 countries. The combined company will leverage shared resources and work together to offer expanded services and solutions.

Rick Bauerly, CEO and Founder of Granite Equity Partners stated, “We were delighted with The McLean Group as our advisor in the sale of Aeration Industries to Newterra. Early in the process, they brought excellent industry insight and contacts. Mid-way, they were highly professional, skilled, and thoughtful in the relationships, communication, and negotiations of a win-win deal for all parties. Toward the end, they have a specialized team and process for diligence, documentation, and closing that was efficient and effective. TMG brought great value as a partner.”

The McLean Group is a leading investment bank that provides objective strategic and financial advice on mergers and acquisitions, debt and equity recapitalizations, ESOPs and business valuations. The M&A Group is organized around three verticals: Defense & Government Services, Critical Infrastructure and Technology & Security. The McLean Group applies comprehensive industry knowledge, extensive transactional expertise, a real-time understanding of industry-specific valuation drivers, and senior-level attention to every client engagement it undertakes.