Moore & Van Allen represents Warren Equity Partners in successful acquisition of StormTrap
Moore & Van Allen PLLC is pleased to announce that, on December 20, 2018, its client, Warren Equity Partners, a lower middle market private equity fund, announced its acquisition of StormTrap, a Romeoville, Illinois-based company that provides stormwater management solutions to the municipal, commercial, industrial, and residential markets. Warren Equity Partners acquired a majority interest in StormTrap from the Hawken family, who founded the Company in 2002. The Hawken family invested alongside Warren Equity Partners in the transaction and will remain on the board of directors going forward. Financial terms of the transaction are not being disclosed.
Moore & Van Allen Corporate members Richard M. Bange III and Michael R. Miller and Corporate associate Kathryn Hesman, along with a broad team of Moore & Van Allen subject matter attorneys in the Finance, Intellectual Property, Labor, Employee Benefits, Insurance, Environmental and Real Estate practice areas, led Warren Equity Partners to a successful closing.
StormTrap is a leading brand in precast concrete stormwater solutions and a go-to provider for customers seeking stormwater management solutions with a lower size footprint, high storage capacity, durability, and reduced total installed cost. StormTrap designs and engineers precast concrete systems that use patented technology to store stormwater runoff in underground chambers before releasing it at a controlled rate or harvesting it for reuse. In addition, StormTrap provides water quality systems that remove pollutants and contaminants from stormwater runoff.
About Moore & Van Allen
Moore & Van Allen PLLC (www.mvalaw.com), founded in 1950, has over 300 attorneys. Ranked in the prestigious “Am Law 200” list, Moore & Van Allen has offices in Charlotte, North Carolina, and Charleston, South Carolina. The attorneys at Moore & Van Allen provide sophisticated legal services within their nationally recognized Corporate, Finance, Intellectual Property and Litigation law practices for private equity funds and their portfolio companies, growing healthcare and technology companies, international banks and manufacturers and energy leaders. The firm is composed of 24 primary industry and practice groups. U.S. News & World Report and Best Lawyers recognized Moore & Van Allen in their 2018 “Best Law Firms” rankings, both regionally and nationally.
About Warren Equity Partners
Warren Equity Partners is a private equity firm that invests in small and middle market operating companies primarily in North America. The firm invests in established companies where additional capital and operating resources can accelerate growth, targeting companies in the industrial, infrastructure, and business services sectors. Warren Equity invests in the form of buyouts, growth equity, and recapitalizations. For more information, please visit www.warrenequity.com.
StormTrap offers proven and leading-edge solutions for managing runoff, protecting waterways and improving the use of property. StormTrap is committed to providing cost-effective, customized water management solutions to engineers, owners and municipalities across North America and abroad. Whether customers are concerned about water quality, detention, infiltration or water harvesting, StormTrap has a design that will reduce footprint, accommodate site constraints, lower overall costs and meet specific project needs. For more information, please visit www.stormtrap.com.