South Carolina-based Infrastructure Services Group sold to Azuria

Juniper Capital Management, a lower-middle private equity firm, recently announced the successful sale of its portfolio company, Infrastructure Services Group LLC (“ISG” or “the company”), to Azuria, a portfolio company of New Mountain Capital.

Juniper invested in and created ISG in 2018 by combining Green Mountain Pipeline Services and Mr. Rehab Sewer System Rehabilitation under the ISG umbrella. In 2021, Juniper completed an add-on acquisition to bring Rhode Island-based Inland Waters, another specialized pipeline services provider, into the ISG family of companies. Since its formation, ISG has become one the largest cured-in-place-pipe lining providers in the New England and mid-Atlantic areas.