Sperry Mitchell Advises WaterFleet LLC on its Sale to EagleTree Capital

New York, NY (November 30, 2017) WaterFleet, LLC of San Antonio, TX has been recapitalized by EagleTree Capital of New York, NY.  Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to WaterFleet.

WaterFleet is an industry-leading, full-service provider of mobile water and wastewater treatment solutions for remote locations.  The Company’s innovative technology and green solutions have transformed the remote-location water and domestic wastewater industry, significantly improving remote workforce living conditions and reducing the cost and environmental risk of traditional wastewater services.  WaterFleet operates a technology-as-a-service platform, leasing its systems to customers and providing ongoing compliant treatment and remote monitoring & diagnostic services.

“We are pleased to be partnering with EagleTree, a firm that has significant water industry expertise,” said Alan Pyle, Co-Founder and CEO of WaterFleet.  “With EagleTree’s support, we’ll be better positioned to enhance our reach and scale by expanding our fleet capacity and real-time monitoring solutions in order to better serve our existing customers in the energy industry. We will also continue to build our presence in other sectors – such as industrial construction and emergency response – that would benefit from our solutions.  We look forward to working together closely with EagleTree to address the myriad of water-related problems that are impacting businesses, municipalities, and water-stressed populations in the U.S.”

Norton Rose Fulbright served as legal advisor to WaterFleet.  Jones Day served as legal advisor to EagleTree.

WaterFleet (www.waterfleet.com) operates a fleet of Mobile Drinking Water Production trailers  (The Water Rig) and Mobile Domestic Wastewater Processing trailers (The Reclaimer Rig) for oil field drilling, oil field completion, and large-scale industrial construction operations. Both systems are designed to the highest standards, with proprietary technology to address the particular demands of harsh, remote environments.

EagleTree Capital (www.eagletree.com), formerly Wasserstein Partners, is a leading independent private equity firm, focused primarily on leveraged buyout and growth equity investment activities. EagleTree manages capital on behalf of institutional and individual investors. The firm is focused on investments primarily in the media & communications, consumer products, water, and industrial sectors. EagleTree is located in New York, NY.

Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side middle-market merger and acquisition advisory services.  Since the firm’s founding in 1986, Sperry Mitchell has completed over 350 transactions in a wide range of industries, with values ranging from $10 to $450 million.


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