Inframark on the block as private equity sponsors look to exit

摘要

The private equity owners of US water contract operations firm Inframark are understood to have put the company up for sale, a little over three years after having bought it from Severn Trent for $62 million. Since that time, the company is believed to have grown its top line to around $250 million, while generating an EBITDA margin which is said to be in the high single digits. Conducting due diligence on its sprawling portfolio - which numbers hundreds of individual contracts - is no small task, but prospective buyers will take comfort from the fact that the company has spent a lot of time addressing troublesome contracts in recent years.