USG Water Solutions Announces Strategic Refinancing
Tuesday, June 24th, 2025
USG Water Solutions, the leading water utility services provider specializing in storage tanks, plant rehabilitation, metering, and distribution systems, announced today the successful completion of a strategic refinancing. USG Water Solutions has further strengthened its financial position and catalyzed additional strategic investments aimed at more effectively serving the vital municipal water market through expanded offerings and geographic reach.
"This refinancing is an exciting milestone for USG Water Solutions that will enable us to pursue new investments in high-return growth opportunities," said John Flaugher, Chief Executive Officer of USG Water Solutions. "In recent years, together with our private equity sponsor, Turnspire Capital Partners, we have recommitted to operational excellence, quality, and responsiveness – positioning USG Water Solutions as a trusted partner to small and mid-sized water utilities nationwide. We are excited to continue supporting our municipal customers with essential services that ensure reliable and sustainable water infrastructure for communities across the nation."
With a storied, 65-year history, USG Water Solutions is a thriving, independent, best-in-class provider of water asset management solutions for small and mid-sized public water utilities throughout the United States. In recent years, USG Water has rapidly expanded its installed base of tanks, reflecting increased market demand and stronger win rates in target municipalities. USG Water Solutions' advanced metering infrastructure (AMI) business recently achieved all-time high sales, supported by growing interest in smart metering technologies and bundled service offerings. Renewed commercial discipline and customer engagement have driven higher renewal rates, deeper client relationships, and broader adoption of USG Water's multi-service platform.
Importantly, USG Water Solutions continues to operate with world-class safety performance, reinforcing its reputation for delivering high quality services and solutions with reliability in critical water infrastructure environments.
USG Water Solutions thanks Wells Fargo and Overland Advantage for their support in completing the strategic recapitalization, and Piper Sandler & Co., which acted as financial advisor.
For more information about USG Water Solutions and its services, please visit www.usgwater.com.