A lower middle market private equity fund with infrastructure and maintenance business investments has taken a controlling interest in Romeoville, Ill., precast producer and stormwater management technology licensor StormTrap, LLC. Houston-based Warren Equity Partners acquired the stake from the Hawken family, which founded StormTrap in 2002. The Hawkens invested alongside the fund in the transaction and will remain on the board of directors.
Read MoreInvestor positions StormTrap for higher volumes, broader reach
