Fusion Capital Partners, a private equity firm focused on engineered products and essential services in the industrial sector, has acquired AQUALIS from DFW Capital Partners.
The deal reflects Fusion’s continued emphasis on building platforms in sectors benefiting from regulatory complexity and infrastructure demand, particularly within water management. AQUALIS will continue operating under its existing management team from its Morrisville, N.C. headquarters. Founded in 2001, AQUALIS specializes in stormwater and wastewater management services, supporting more than 1,750 customers across the U.S. The company provides end-to-end services spanning engineering, design, permitting, compliance and ongoing maintenance of water infrastructure. Its offerings include inspections, repairs, rehabilitation and emergency response services, positioning it as a comprehensive provider for commercial, industrial and municipal clients seeking to meet environmental regulations, improve water quality, and mitigate flooding risks.
Fusion was advised by Baird and Stifel as financial advisors, Paul Hastings LLP as legal counsel, and Jefferies Private Fund Advisory.