Houlihan Lokey Advises Ridgewood Infrastructure

Houlihan Lokey is pleased to announce that Ridgewood Infrastructure LLC (Ridgewood), a leading infrastructure investor in the U.S., has acquired Waste Resources Management (WRM), a mission-critical provider of liquids and wastewater collection, treatment, and disposal serving the commercial and industrial market. The transaction closed on December 28, 2023.

WRM is a mission-critical provider of liquids and wastewater collection, treatment, and disposal services. It controls the full value chain of liquids and wastewater management, including 13 active treatment facilities located in high-growth regions of the U.S.

Ridgewood is a leading infrastructure investor in the U.S. lower middle market with sectors of focus including water, energy transition, transportation, and utilities.

Houlihan Lokey served as the exclusive buyside financial advisor to Ridgewood.

This transaction highlights Houlihan Lokey’s preeminent position in and deep knowledge of the broader environmental services sector and, more specifically, the specialty waste sector. This transaction adds to the continued success in advising both buyers and sellers in the environmental services sector, having successfully advised on over 15 announced transactions in 2023 alone.