MONTICELLO, Miss., April 1,
2025 /CNW/ -- Atlas-SSI Holdings, LLC ("Atlas-SSI" or
the "Company"), a North American supplier of water management
equipment for the protection of mission-critical assets and water
ecosystems, announced its acquisition by the Sustainable Investing
team at Goldman Sachs Alternatives. The transaction positions
Atlas-SSI, previously a portfolio company of XPV Water Partners, to
expand and meet increased demand in the water sector by upgrading
aged infrastructure, enabling industrial growth and providing
enhanced resilience in the wake of water related stress.
Atlas-SSI designs, manufactures and services customized screens,
gates and barriers that serve as the first line of defense for
facilities that utilize water. The Company's offerings address
non-discretionary demand across industrial, utility, municipal and
commercial customers. Atlas-SSI's products remove plastics and
other pollution from water while protecting aquatic life, and
through their re-manufacturing segment, the Company avoids carbon
emissions by decreasing the use of virgin materials and contributes
to reducing material waste.
The Company intends to utilize the global network and resources
of Goldman Sachs to further accelerate growth in the water sector,
including expansion into new markets and broadening its offerings,
while continuing to improve service to the Company's customer
base.
Atlas-SSI's end markets are experiencing significant tailwinds
in North America. The municipal
water sector is undergoing sizeable investment following decades of
underinvestment, with the EPA estimating over $744bn required over two decades to upgrade water
infrastructure. Industrial manufacturing is poised to grow amid
onshoring to manage supply and national security risks. Power
demand from data centers and electrification is expected to expand
buildout of power generation facilities, which often require
significant access to water systems. These trends will put further
pressure on water systems and demand for Atlas-SSI solutions as an
essential component in the functioning of the overall system.
Paul Lewis, CEO of Atlas-SSI
stated "We are thrilled to partner with the team at Goldman Sachs
Alternatives as we enter our next phase of growth. This partnership
enables Atlas-SSI to accelerate our mission of delivering
innovative water management solutions that protect critical
infrastructure and ecosystems. With Goldman Sachs' support, we'll
expand our capabilities, enhance our technology leadership and
continue to meet the critical and growing needs of our
customers."
"Atlas-SSI provides essential equipment which serves as the
first line of defense for mission-critical assets, with end markets
having non-discretionary demand for high quality water," said
Jeff Possick of Goldman Sachs
Alternatives. "The Company has built significant customer trust as
one of the only end-to-end solutions providers in North America providing highly reliable
equipment with 100% of manufacturing in the U.S. We believe
Atlas-SSI is well positioned to capitalize on macro tailwinds by
upgrading and servicing current systems to be more resilient and
supporting new facility buildout. We're proud to leverage our deep
experience in the water sector to support Atlas-SSI as they expand
their market leadership."
About Atlas-SSI
Atlas-SSI, Inc. is North America's leading
full-service provider of water management solutions that protect
mission-critical assets and water ecosystems with a portfolio of
traveling water screens, 316(b) fish-friendly screens, trash rake
systems, wastewater headworks, water control barriers, gates,
debris handling equipment, grit handling solutions and stormwater
screens. Certified field service and dive teams offer
nationwide service capabilities to support turnkey installations,
on-site service, inspections, and preventative maintenance. To
learn more, visit atlas-ssi.com.
About Sustainable Investing at Goldman Sachs
Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in
alternatives globally, with over $500
billion in assets and more than 30 years of experience. The
business invests in the full spectrum of alternatives including
private equity, growth equity, private credit, real estate,
infrastructure, sustainability, and hedge funds. Clients access
these solutions through direct strategies, customized partnerships,
and open-architecture programs.
The business is driven by a focus on partnership and shared
success with its clients, seeking to deliver long-term investment
performance drawing on its global network and deep expertise across
industries and markets.
Sustainable Investing at Goldman Sachs Alternatives seeks
investments in thematic climate transition and inclusive growth
opportunities by backing companies that have an impact in these two
areas. The leadership and broader team bring decades of combined
experience, broad investment knowledge across the sustainability
landscape and a proprietary corporate network of sustainability
leaders from global corporations – all supported by the broader
resources of Goldman Sachs.
The alternative investments platform is part of Goldman Sachs
Asset Management, which delivers investment and advisory services
across public and private markets for the world's leading
institutions, financial advisors and individuals. Goldman Sachs has
more than $3.1 trillion in assets
under supervision globally as of December
31, 2024.
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About XPV Water Partners
XPV Water Partners is a team of experienced operators and
investors who are committed to making a difference in water. The
firm manages investment capital from some of the world's top
institutional investors, and partners with emerging water-related
companies to help them rapidly expand and achieve their strategic
goals. XPV aims to generate strong, risk-adjusted returns for its
investors by leveraging its trusted ecosystem, deep industry
knowledge, and its water centric company scaling platform. XPV is
committed to building partnerships that contribute to growing
people, sustainable businesses, prosperous communities, and a water
secure future. To learn more,
visit: xpvwaterpartners.com.
Media Contacts
For Goldman Sachs Alternatives
Victoria Zarella
victoria.zarella@gs.com
For Atlas-SSI
Henry
Watson
info@atlas-ssi.com
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SOURCE Atlas-SSI, Inc
