FOR IMMEDIATE RELEASE
Houston, TX, January 23, 2024— Waste Resources Management (“WRM”), an environmental services company that owns a portfolio of businesses that collect, treat, and dispose of wastewater and other liquid waste, is excited to announce a combination with Ridgewood Infrastructure LLC (“Ridgewood”), a company that invests in growing infrastructure organizations. With the financial backing of a major industry player like Ridgewood, WRM can accelerate its growth to new heights and better serve its existing customer base while expanding into new markets. This acquisition ultimately positions WRM to become a premier national leader in wastewater management.
WRM stood out to Ridgewood as the perfect target for investment due to its industry-leading reputation and market share in several growing areas of the country. Ryan Stewart, a partner at Ridgewood, stated: “WRM is an industry leader, operating a strategically advantaged, vertically integrated network of wastewater treatment facilities and related specialized rolling stock across several high-growth states.” Stewart further elaborated by pointing out that WRM serves a unique niche market with essential services, making it both a secure investment and one primed for explosive growth. “We look forward to working with the WRM management team to scale the business and further enhance its service offerings,” he added.
Becoming part of Ridgewood’s ecosystem gives WRM the financial leverage it needs to seek out and deliver its niche services to hungry new markets that require what it has to offer. As Ryan Wurgler, WRM’s CEO, stated: “We are excited to join forces with Ridgewood Infrastructure, which shares our focus on fostering long-term partnerships with customers and our commitment to operational excellence and sustainability.” Mr. Wurgler commented that Ridgewood has a proven track record as the leader in investing in U.S. water sector infrastructure and helping companies like ours achieve transformational growth.
On Ridgewood’s end, they’re excited to share the growth projected for WRM in the coming months and years. Said Managing Partner Ross Posner: “We are thrilled to add WRM to our portfolio and look forward to working together to take the company to the next level.”
WRM is on a mission of “Saving Water, Protecting the Environment”. This is achieved by providing liquids and wastewater collection, treatment, and disposal services. WRM controls the full value chain of liquids and wastewater management, including numerous treatment facilities in the United States high-growth regions. For more information, please visit http://www.wrmco.com.
About Ridgewood Infrastructure:
Ridgewood Infrastructure is a leading investor in small to medium-sized infrastructure companies in the United States. The company primarily focuses on the Water, Energy Transition, Transportation and Utilities sectors. For more information, please visit http://www.ridgewoodinfrastructure.com.
Waste Resource Management
16350 Park Ten Place Suite Suite 215 Houston, TX 77084