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.
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Investor positions StormTrap for increased shipments, broader reach
Sources: Warren Equity Partners, Houston; CP staff
A lower middle market private equity fund with infrastructure and maintenance business investments has taken a controlling interest in StormTrap LLC, a Romeoville, Ill., precast producer and licensor of stormwater harvesting, storage and treatment technology. Warren Equity acquired the stake from the Hawken family, which founded StormTrap in 2002. The Hawkens invested alongside the fund and will remain on the board of directors.
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