DENVER, CO - Headwaters MB announced today that it advised Nelson Pipeline Constructors, a leading utility contractor specializing in the construction of underground sewer, water and storm sewer pipelines on its sale to a leading investor group led by successful housing executive, Patrick J. Beirne, who partnered with Axis Private Equity Group and Navigator Partners, private equity firms dedicated to investing in profitable businesses in the middle market.
“It was an honor to work with and represent the shareholders of such a dominant company with a 37 year history of fair dealings and success,” said Darin Good, Managing Director of the Building Products & Construction Services Team at Headwaters MB. “With this transaction, the Nelson way of doing business will continue to grow and will create many opportunities for the existing Project Managers, Superintendents and employees.”
“Nelson’s history of success and long-standing reputation for operational excellence among its customers made this a very attractive opportunity,” noted Patrick Beirne. “We enjoyed working with the Headwaters team on this important transaction and look forward to continuing our relationship.”
Headwaters MB acted as exclusive financial advisor to Nelson Pipeline Constructors in the transaction. Terms of the transaction were not disclosed.