Close Menu
UTV Drive
  • News
  • Features
  • Industry
  • Opinions
  • Reviews
  • Sports
  • Technology
  • ———–
  • Home
  • Latest Articles
  • About Us
  • Our Team
  • Contact
  • Sitemap
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
Facebook X (Twitter) Instagram
Facebook X (Twitter)
UTV Drive
Contact
  • About Us
    • Our Team
    • Legal
      • Terms & Conditions
      • Cookie Policy
      • Privacy Policy
  • News

    Pacific Defense Joins US Army’s CMFF Modernisation Effort

    27/03/2025

    InstaVolt Opens UK’s Largest Ultra-Rapid EV Charging Hub

    27/03/2025

    Kaluza joins PG&E pilot to cut EV charging costs in California

    25/03/2025

    GA-ASI Gains EMAR/FR 145 Approval for Component Maintenance

    20/03/2025

    MINI Reserves Spot for Tuchel in Playful German Tactic

    20/03/2025
  • Features

    Altair to Unveil AI Innovations at Hannover Messe 2025

    11/03/2025

    Autel Energy Europe Unveils New Charging Solutions at Summit

    20/02/2025

    Metro Supply Chain Extends Partnership with F1’s Lance Stroll

    18/02/2025

    JETOUR T1 SUV Wins Red Dot Award Ahead of Saudi Launch

    14/02/2025

    XB-1 Marks New Era in Supersonic Flight

    28/01/2025
  • Industry

    When Do You Need to Hire a Motoring Defence Solicitor?

    02/10/2024

    SSO Logistics Expands with £500k Investment, Creating 20 Jobs

    21/09/2024

    GM and Hyundai Explore Strategic Collaboration on Future Vehicles

    13/09/2024

    UK housing market prices rise at fastest pace since late

    03/09/2024

    Westinghouse Receives Approval to Begin UK Assessment for Small Modular Reactor

    24/08/2024
  • Reviews

    James Bond’s Fastest Cars Ranked, Aston Martin Tops List

    12/09/2024

    British Holidaymakers Face Hidden Car Hire Costs Abroad, Study Finds

    05/09/2024

    50% of women say they would not consider working in the motor industry

    08/08/2024

    Lexus LC500: A Vanguard in the Transition to Electric

    17/01/2024

    Renault’s Solarbay: A Tint of Innovation

    17/01/2024
  • Sports

    Ferrari World Abu Dhabi Unveils World’s First Ferrari-Themed Esports Arena

    01/09/2024
  • Technology

    FEXSE Paves the Way for Inclusive Investment Through Blockchain Tokenisation

    14/04/2025

    Longsys Launches Ultra-Compact Memory Chip for AI Wearables

    24/01/2025

    The Future of Video Translation: Trends to Watch

    23/12/2024

    How Is Generative AI Technology Shaping Content Marketing

    05/12/2024

    Aston Martin Elevates Sim Racing with Motion Technology

    19/11/2024
UTV Drive
Home » Latest Articles » J.F. Lehman & Company Finalises Continuation Vehicle Deal for PURIS
News

J.F. Lehman & Company Finalises Continuation Vehicle Deal for PURIS

Sam AllcockBy Sam Allcock31/08/20243 Mins Read
Share
Facebook Twitter Reddit Email LinkedIn WhatsApp Copy Link

J.F. Lehman & Company (JFLCO), a prominent private equity firm specialising in the aerospace, defence, maritime, government, and environmental sectors, has successfully concluded a single-asset continuation vehicle for PURIS, a leading provider of water infrastructure solutions. The deal, announced today, sees Apollo’s Sponsor & Secondary Solutions platform (Apollo S3) as the lead investor, with significant support from other notable investors including Hamilton Lane, Eldridge Industries, HSBC Asset Management, and Golding Capital Partners.

The transaction will enable JFLCO to retain its ownership stake in PURIS, working in tandem with the company’s management team. The deal comes with strong backing from the general partnership, PURIS’s management, JFLCO’s latest fund, and a diverse group of institutional partners. This financial support will underpin PURIS’s forthcoming growth phase.

JFLCO initially acquired Inland Pipe Rehabilitation, the predecessor to PURIS, in 2018. This was followed by the acquisitions of Murphy Pipeline Contractors in 2020 and Inliner Solutions in 2022. The combined entities were rebranded in 2023 under the leadership of CEO Mick Fegan, forming a prominent water infrastructure platform known for its advanced pipeline rehabilitation solutions across various water markets. PURIS’s services include thermal and ultraviolet cured in-place pipe (CIPP), pipe bursting, geopolymer lining systems, and CompressionFit® HDPE lining. Additionally, PURIS offers in-house inspection and liner manufacturing, ensuring high-quality service and operational efficiency.

Mick Fegan, CEO of PURIS, expressed enthusiasm about continuing the partnership with JFLCO. “JFLCO has been instrumental in helping us deliver innovative infrastructure solutions. Over the past years, we’ve significantly expanded our service offerings, and I am excited to continue executing our strategic plans with JFLCO,” he said.

Glenn Shor, Chairman of PURIS and Partner at JFLCO, also voiced his support, stating, “This transaction allows PURIS to further enhance its market-leading solutions and contribute to the revitalisation of critical infrastructure across North America.”

Dave Thomas, a member of PURIS’s Board of Directors and Managing Director at JFLCO, expressed gratitude for the backing received from both new and existing investors. “We look forward to building on our strong foundation as PURIS embarks on its next phase,” he added.

Veena Isaac, Partner and Co-Head of Apollo S3, highlighted the significance of the transaction, noting, “It underscores the investors’ confidence in the PURIS platform and the robust growth prospects within the water infrastructure sector.”

Jefferies LLC served as the exclusive financial advisor for the transaction, while Debevoise & Plimpton and Allen & Overy provided legal counsel. Proskauer Rose LLP advised Apollo S3, with General Atlantic Credit as the lead arranger for the credit facility and PSP Investments Credit USA LLC as the lead investor. A fairness opinion was provided by Houlihan Lokey.

company continuation deal finalises j.f. lehman puris vehicle
Previous ArticleExtension Lease Extension Calculator UK – Accurate Cost Tool LONDON
Next Article SODA Unveils World’s First Ready-to-Use Kit for Software Defined Vehicles
Sam Allcock
Sam Allcock
  • Website

Related Posts

Pacific Defense Joins US Army’s CMFF Modernisation Effort

27/03/2025By Sam Allcock

InstaVolt Opens UK’s Largest Ultra-Rapid EV Charging Hub

27/03/2025By Sam Allcock

Kaluza joins PG&E pilot to cut EV charging costs in California

25/03/2025By Sam Allcock

GA-ASI Gains EMAR/FR 145 Approval for Component Maintenance

20/03/2025By Sam Allcock

MINI Reserves Spot for Tuchel in Playful German Tactic

20/03/2025By Sam Allcock

ENGWE Unveils L20 3.0 E-Bike with Full Suspension

18/03/2025By Sam Allcock
Don't Miss

British Freight Services Leading the Road to Net Zero Transport

06/05/2025

FEXSE Paves the Way for Inclusive Investment Through Blockchain Tokenisation

14/04/2025

Pacific Defense Joins US Army’s CMFF Modernisation Effort

27/03/2025

InstaVolt Opens UK’s Largest Ultra-Rapid EV Charging Hub

27/03/2025
Topics
  • Automotive
  • Business
  • Energy
  • Entertainment
  • Entertanmint
  • Features
  • Food & Drink
  • Gaming
  • Health
  • Homes & Interiors
  • Industry
  • Lifestyle
  • News
  • Opinions
  • Real Estate
  • Reviews
  • Sports
  • Technology
  • Travel

Welcome to UTV Drive – the ultimate hub for UK motor enthusiasts. Immerse yourself in the latest updates, thrilling racing adventures, and cutting-edge motor technology.

We’re accepting new writes right now!

FIND OUT MORE
contact@utvdrive.co.uk

pAGES

  • Home
  • Latest Articles
  • About Us
  • Our Team
  • Contact
  • Sitemap
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Editors Picks

Energy

Tosyalı Begins Construction on a 1.2 GW Self-Consumption Solar Power Project

News

Teleste Launches Centralised Software for Public Transport Management

Technology

The Electric Revolution: How EVs Are Reshaping Britain’s Automotive Landscape

Technology

Hesai launches OT128 lidar to advance autonomous vehicle tech

© UTV Drive – utvdrive.co.uk
Facebook X (Twitter)

Type above and press Enter to search. Press Esc to cancel.