Reign Capital exits Aqualis in sale to Fusion Capital Partners
What's the deal? Reign Capital Partners has sold its remaining ownership stake in Aqualis Corporation to Fusion Capital Partners, ending founder Blaine McClure's nearly two-decade run with the environmental services company. The transaction, announced September 3, 2026, marks Reign's final exit from Aqualis. Financial terms were not disclosed.
The players: Aqualis is a national provider of stormwater management, engineering, water quality, and environmental infrastructure services. McClure founded it in 2007 and is also founder of Reign Capital Partners, a family office based in Greenwich, Connecticut.
What's the endgame? Aqualis grew from a regional operator into a national platform serving commercial, industrial, governmental, and municipal clients across the US. It expanded through acquisitions, geographic growth, and investment in engineering, maintenance, and compliance. Fusion Capital Partners is expected to back further expansion.
Why now? The sale lands as demand for water-related infrastructure grows, driven by aging systems, tougher environmental rules, climate resilience efforts, and public and private investment. McClure said the deal caps "nearly two decades of leadership, strategic growth and operational excellence."
Between the lines: The exit suggests Aqualis has reached a scale where ownership can transfer to a new sponsor while the company keeps operating. McClure signalled confidence that the existing executive team, with Fusion's backing, is positioned to expand.
The signal: The deal reflects private-market appetite for businesses tied to essential environmental infrastructure and recurring regulatory demand. Reign, meanwhile, stays focused on infrastructure, environmental services, industrials, and real assets across North America.
Read more: marketforecastreports.com
