Aquilex Corporation
  • Business

    Aquilex Corporation (“Aquilex”) was a leading global provider of critical maintenance, repair and industrial cleaning solutions to the energy industry. Aquilex’s customer base included leading global operators in the nuclear, fossil power, refinery/ petrochemical, pulp and paper and other process industries.

  • Harvest Partners Investment

    In January 2007, Harvest purchased Aquilex with the existing management team. To fund the acquisition Harvest arranged the debt financing, which included a senior credit facility and a mezzanine note. In addition, Harvest arranged equity co-investment capital for the transaction. Harvest sold its investment in Aquilex to Ontario Teachers’ Pension Plan in December 2008.

  • Investment Thesis

    • Market leading position
    • Compelling value proposition
    • Highly favorable industry trends
    • Strong, experienced management team
    • Acquisition potential