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Underground Solutions
Underground Solutions, Inc.
About Underground Solutions
In 2000, a new company called Underground Solutions, Inc. was founded with a focus on a critical, yet often overlooked, part of civil infrastructure: water and sewer pipelines. The company developed and patented a technology for fusible PVC pipes. This innovation allowed for the creation of a seamless, leak-free pipeline system, ideal for trenchless installation methods that avoided the massive disruption of digging up streets. The core of their business was providing these advanced pipeline solutions for water, sewer, and conduit applications. Their proprietary Fusible PVC® offered a distinct advantage for rehabilitating aging and failing pressure pipelines, a growing problem for municipalities across North America. By focusing on this niche, the company established itself as a leader in trenchless pipeline renewal, creating more effective and less disruptive alternatives to traditional replacement methods. By early 2016, the company's unique technology and market position had attracted a strategic buyer. Aegion Corporation, a leader in infrastructure protection, saw a perfect complement to its existing portfolio. In February 2016, Aegion announced it had acquired Underground Solutions for approximately $85 million. The acquisition was a strategic move for Aegion to significantly expand its presence in the pressure pipe rehabilitation market, combining its scale with the innovative PVC technology that Underground Solutions had pioneered.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jan 2016 | $85M | $85M | Azuria Water Solutions | — |
| SERIES C✓Equity / VC | Jul 2014 | $30M | $120M | Riverwood Capital | — |
Growth signals
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Wynnefield Capital Advisors
Series B and later1 investor entered at this stage
Riverwood Capital
Other known investors1 additional known investor
Azuria Water Solutions
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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