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Completed Transactions > Business Services > Newlook Capital Invests in InSite

Newlook Capital Invests in InSite

InSite Group

Date

Nov 2019

Region

Alabama

We are pleased to announce that Newlook Capital, Inc. has made an investment in our client, The InSite Group of Companies, including InSite Engineering, Living Water Services, and Living Water Utilities (collectively “InSite”). The transaction closed November 21, 2019 and details were not disclosed.

InSite, located in Hoover, Alabama, and operating in the Alabama and Georgia markets, designs, builds, maintains and operates wastewater treatment facilities. InSite has 35 employees and has been in business since 2005. Management remains in place and will continue to work with Newlook to grow the business through acquisitions and expansions into new markets.

Located in Burlington, Canada, Newlook Capital is a private equity firm that currently has 4 industry-specialized funds available to the retail and institutional markets. Each fund has its own focused, experienced, and aligned management, and a defined strategy. Investing throughout Canada and the U.S. with a preference for companies that exhibit a solid tangible assets base, Newlook Capital’s current holdings include:

  • multifamily real estate and services in the U.S.
  • industrial services in Canada and the U.S.
  • dental practices
  • QSR in Canada

“We are very proud of the work our team completed to close this transaction,” said Elroy Gust, Newlook’s CEO.

“The InSite management team are great partners and this type of investment is exactly what our investors are looking for – institutional quality investments in companies providing a technical service, with long-term recurring revenue lines. Bryan Pate and his team at InSite have built a great business and we look forward to continuing to grow with them.”

Chris Heckert, Managing Director Mergers & Acquisitions, with support from Senior Vice President, Julio Dominguez, successfully completed the recapitalization. Senior Managing Director Brian Hendershot established the initial relationship with InSite.

"InSite and Living Water are great companies with fantastic leadership. The opportunities for growth with a partner like Newlook are incredibly exciting” said Heckert.

Discover other transactions we've supported in this industry by visiting our dedicated Business Services page.

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