Excellere Completes Partnership with Hinterland Group
Denver-based Excellere Partners, a private equity firm, announces its partnership with Hinterland Group. The latter is a Florida-based provider of underground water infrastructure maintenance and repair solutions.
Hinterland services municipalities and private customers throughout the Southern United States. This represents the fifth platform investment in Excellere’s Fund IV and its fourth platform investment in the water industry.
“Hinterland is a standout platform that addresses the critical needs of its customers who are managing aging water infrastructure systems that are in dire need of investment and ongoing rehabilitation,” says Patrick O’Keefe, managing partner at Excellere Partners.
Founded in 2006 and headquartered in Riviera Beach, Florida, Hinterland is a vertically integrated solutions provider delivering non-discretionary, critical water infrastructure services, including open-cut pipeline repair, trenchless rehabilitation, lift station repair and replacement, and trenchless technology product manufacturing. The company supports wastewater, stormwater, and potable water systems for both municipal and private customers, and has built a reputation as a trusted, end-to-end partner for complex infrastructure projects across Florida, Virginia, Texas, and the Carolinas.
“The partnership with Excellere comes at a pivotal moment for Hinterland as we scale into new geographies and continue building a best-in-class organization to meet the immense need for water infrastructure rehabilitation in our markets,” says Daniel Duke III, founder and CEO of Hinterland. “Our customers depend on us for essential infrastructure solutions, and this partnership allows us to enhance our operational capabilities, build a scalable organization, and accelerate our ability to deliver reliable, innovative trenchless and pipeline services across the Southern United States.”
Hinterland has experienced strong growth driven by increasing demand for water infrastructure investment, an expanding geographic footprint, and continued adoption of trenchless rehabilitation solutions.
“Daniel and his team have built an exceptional organization with a differentiated ‘one-stop shop’ model addressing complex infrastructure challenges and a clear growth roadmap,” says O’Keefe. “We are excited to partner with Daniel and his team to accelerate geographic expansion, broaden solution offerings, strengthen its operational infrastructure, and pursue strategic acquisitions.”
Following the close of the transaction, Excellere has partnered closely with Hinterland to execute a comprehensive value creation plan focused on enhancing business development capabilities, adding service lines, expanding into new states, and strengthening its corporate foundation to support the company’s continued growth.
Hinterland Group was advised financially by Raymond James and legally by Gunster. Excellere was advised financially by Stifel and legally by McDermott Will & Schulte.
SOURCE – Excellere Partners
