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April 12, 2019

Waterline Renewal Technologies announces acquisition



ROSEMONT, Ill.April 11, 2019 /PRNewswire/ — Waterline Renewal Technologies, Inc. (“WRT”), a leading provider of engineered products used in the trenchless rehabilitation of wastewater infrastructure for municipal, commercial, industrial and residential applications, has been acquired by Behrman Capital (“Behrman”), a private equity investment firm based in New York and San Francisco. WRT was formerly a division of Triwater Holdings, LLC.

“We are extremely excited about this new chapter for WRT,” said Matt Fishbune, WRT president. “By joining forces with Behrman Capital, this new partnership will allow for further expansion of our core technologies, enhancing our product offering, and scaling our business and geographical reach. With Behrman’s proven track record of investing in established growth businesses, WRT will be able to draw on Behrman’s profound experience in specialty manufacturing and distribution.”

Behrman’s investments are focused in the Defense & Aerospace, Healthcare Services and Specialty Manufacturing & Distribution sectors. By working closely with portfolio company managers, their broad network of relationships adds a significant dimension to the resources their acquired companies use to fuel growth. Since their founding in 1991, Behrman has acquired more than 30 platform companies and have completed more than 65 add-on acquisition.

“WRT is a leader in the growing wastewater solutions market with innovative pipe rehabilitation solutions,” said Grant G. Behrman, managing partner of Behrman Capital. “We look forward to collaborating with the management team to capitalize on a range of attractive growth initiatives, including select acquisitions and the expansion of WRT’s technology offerings.”

WRT has a patented line of products and technologies offered through each of its brands – AP/M PermaformConShield TechnologiesLMK Technologies and Perma-Liner Industries – that allow its customers to deliver long-lasting solutions that repair sewer systems and wastewater lines without excavation or property damage, and prevent overflow created by excess inflow and infiltration of ground water into wastewater system.


About Waterline Renewal Technologies, Inc.
Headquartered in Rosemont, Ill, Waterline Renewal Technologies, Inc. provides trenchless rehabilitation of degraded infrastructure through differentiated products, technologies and services to prevent inflow and infiltration of sewer systems and potable water pipelines.


About Behrman Capital
Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Grant G. and Darryl G Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The company’s investments are focused in three industries: defense and aerospace, healthcare services, and specialty manufacturing and distribution. The firm has raised in excess of $3.0 billion since inception and is currently investing out of its sixth fund. For more information, please visit


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