Inland Pipe Rehabilitation (IPR), a portfolio company of investment affiliates of J.F. Lehman & Company (JFLCO), recently announced the signing of a definitive agreement to acquire Inliner from Granite Construction Incorporated and certain affiliated companies (Granite). The acquisition enhances IPR’s capabilities and service solutions while expanding its presence throughout North America.
Inliner is a leading, vertically integrated provider of trenchless pipe rehabilitation solutions addressing wastewater and stormwater infrastructure. Since 1927, the Company has established a sterling reputation as a leader in resin- and UV-based cured-in-place-pipe solutions, geopolymer liner, and construction management services, supporting government customers across the United States and Canada. The company’s services are strengthened and supported by market-leading manufacturing capabilities. Inliner is the second add-on acquisition completed by IPR under JFLCO sponsorship.
Jim Baumgardner, Chief Executive Officer of IPR, commented: “We believe the combination of IPR and Inliner will further strengthen both organisations, and provide our customers with a breadth and depth of service unmatched across our industry. We are excited to welcome Inliner into the IPR family.”
“This is a compelling opportunity to establish a unique service provider in this market, a national presence, delivering scaled capabilities across numerous technologies and delivery methods, addressing storm, waste, and potable water infrastructure.” said Glenn Shor, Chairman of IPR and Partner at JFLCO. “The addition of Inliner builds upon the acquisition of Murphy Pipeline Contractors in our strategy to support the IPR platform through strategic M&A and organic growth initiatives.” added Dave Thomas, Managing Director at JFLCO.
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