Boyne Capital Participates in Recapitalization of SageWater
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MIAMI, Feb. 1, 2021 /PRNewswire/ -- Boyne Capital ("Boyne") is pleased to announce that one of its affiliates has partnered with company management to recapitalize SageWater ("SageWater" or the "Company"), the leading provider of plumbing infrastructure replacement and repiping services focused on the multi-family condominium and apartment building market. Boyne partnered with an affiliate of Grindstone Partners, LLC ("Grindstone"), a Virginia-based private equity firm, in funding the transaction.
Headquartered in Alexandria, VA, SageWater has repiped more than 100,000 occupied multi-family residential units, replacing over 35 million feet of pipe in apartment complexes, condominiums, and office buildings since 1988. The Company provides a differentiated approach by enabling units to remain occupied throughout the pipe replacement process. SageWater's turnkey in-house plumbing, drywall and painting services ensure a seamless workflow, top-notch quality control, and strict adherence to scheduled timelines. With nationwide coverage through its hub-and-spoke model and a dedicated emphasis on resident and property management communications, SageWater is the go-to provider for pipe replacement services in the multi-family market, particularly in challenging environments. Visit www.sagewater.com for additional information.