Denver, CO (May 1, 2015) - 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.
“Headwaters was instrumental in making this deal happen,” said Chris Goodwin, Nelson’s CFO and shareholder. “Darin Good and Brian Krehbiel at Headwaters outworked everyone and their vast industry knowledge was crucial in completing this transaction. After considering several options, we chose this investor group as partners going forward because we believed in their vision and were impressed with their experience in running successful companies.”
“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.
About Headwaters MB
Headwaters MB is an independent, middle market investment banking firm providing strategic merger and acquisition advice, capital raising and special situations advisory. Named "Investment Bank of the Year" by major organizations for its third consecutive year, Headwaters MB is headquartered in Denver, CO with seven regional offices across the United States and partnerships with 18 firms covering 30 countries. For more information, visit www.headwatersmb.com.
About Nelson Pipeline, Inc.
Nelson Pipeline Constructors, Inc. ("NPC") is a leading underground utility contractor specializing in the construction of underground sewer, water and storm sewer pipelines for residential, commercial and district projects. Incorporated in 1977, NPC has built an outstanding reputation of quality work, competitive pricing and timely completion of projects both large and small. NPC is the industry leader for “wet” utilities in Colorado. For more information, visit www.nelsonpipeline.com.
About Patrick J. Beirne
Patrick Beirne is a home building industry executive with nearly three decades of experience and a track record of operational excellence and sound strategic planning for businesses that require infrastructure and business development. As Central Area President at PulteGroup, Inc. and member of the executive team, he helped create the strategy for the firm’s long term vision, oversaw operations in 10 states, and consistently grew the operation faster than other Pulte operations. Patrick has a Bachelor of Science from Michigan State University and is active in many community and charitable organizations.
About Axis Private Equity Group
Axis Private Equity Group (APEG) is a Denver based private equity group that makes equity investments in well-managed, profitable companies. In conjunction with nationally recognized and respected private equity sources and financial institutions, APEG facilitates leveraged buyouts, management buyouts, recapitalizations and equity investments with privately held businesses and subsidiaries or divisions of public companies. APEG is able to present business owners and management teams with creative and flexible solutions that address the issues specific to their businesses while maximizing the value of a transaction. For more information, visit www.axispeg.com.
About Navigator Partners
Navigator Partners, LLC (Navigator) is dedicated to organizing and investing in acquisitions or recapitalizations of successful businesses. Transactions provide liquidity to existing owners while positioning the company for future growth and delivering exceptional returns. Navigator partners with high quality management teams to successfully operate businesses under the highest ethical standards. Navigator principals have extensive private equity fund management experience. Navigator typically focuses on businesses with annual revenues between $10MM to over $200MM as well as established and emerging Franchisors. For more information, visit www.navigatorpartners.com.
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