Houlihan Lokey Advises Axius Water
Axius Water, a portfolio company of KKR and XPV, has been acquired by Oldcastle Infrastructure
Sellside Advisor
Houlihan Lokey is pleased to announce that Axius Water (Axius), a portfolio company of KKR and XPV Water Partners (XPV), has been acquired by Oldcastle Infrastructure, a CRH company (NYSE:CRH). The transaction closed on May 29, 2026.
Axius is a global leader in advanced nutrient management and water quality solutions for municipal and industrial wastewater treatment. Formed in 2019 by KKR and XPV to unify high-potential companies across nutrient management, Axius has since grown into a scaled platform enabling a broad deployment of critical water quality solutions across the U.S., Canada, and Europe.
KKR is a leading global investment firm managing a broad range of alternative asset classes, including private equity, credit, and real assets. Axius was held within KKR’s Global Impact fund, a strategy focused on scalable businesses that provide solutions to major societal and environmental challenges.
XPV is a leading water-focused investment firm with a track record of supporting companies that offer innovative solutions to water-related challenges.
Oldcastle Infrastructure, a CRH company, is the leading provider of building materials, products, and services for infrastructure projects to several North American market sectors, including water, communications, and energy. The acquisition of Axius aligns with CRH’s strategic focus on water infrastructure as a primary growth pillar, allowing the company to introduce a wider spectrum of engineered water offerings.
Houlihan Lokey served as the exclusive financial advisor to Axius, KKR, and XPV, assisting with the initiation, structuring, and negotiation of the transaction. This transaction highlights Houlihan Lokey’s continued market leadership in the water technologies and solutions market.