Turnspire Capital Partners LLC, a private equity firm, has acquired USG Water Solutions, a provider of maintenance services to municipal and private water companies, from Veolia North America.

Headquartered in Atlanta and Perry, Ga., USG Water Solutions offers water asset management services for small and medium public water utilities in North America. USG’s offerings include maintenance services for water storage tanks, pipe networks and concrete structures in water and wastewater plants. The company also provides metering programs and a suite of water quality technologies. USG operates in 47 states and has over 450 employees.

“As an independent company under Turnspire’s ownership, and led by John Flaugher and the talented current management team, USG can build on its legacy to achieve operational excellence and sustainable growth in tanks under management,” says Ilya Koffman, managing partner of Turnspire.

Harris Williams acted as financial advisor and Chapman and Cutler LLP acted as legal counsel to Turnspire with respect to the transaction. Houlihan Lokey advised Veolia.