Norwest Mezzanine Partners Supports Frontenac Company’s Acquisition of Newterra Group

November 01, 2020


Minneapolis, Minnesota – Norwest Mezzanine Partners (NMP) has invested a combination of subordinated debt and equity securities to support Frontenac Company  in its acquisition of Newterra Group Ltd., a global leader in designing, engineering, manufacturing, and servicing modular treatment solutions for water, wastewater, stormwater, and groundwater.

John Hogan, NMP Partner, stated, “We are excited and appreciative of the opportunity to invest once again with Frontenac. Tom Vossman and the Newterra management team have built an impressive global company with a range of products, technologies and end markets that sustainably and efficiently serve its customer’s water treatment needs. We know that Frontenac’s resources and expertise, under the leadership of Jim McGivern, will help guide the company in its next phase of growth”

Founded in 1992 with brands dating back to 1863, Newterra helps clients across a wide range of industries and sectors solve their water and wastewater challenges, offering both standard products and fully customized engineered solutions. Over the past several years in addition to robust organic growth, Newterra has acquired and integrated several companies in key industrial and municipal sectors, broadening its capability to address the needs of global customers with their water and wastewater challenges.

“We are extremely pleased to partner with the NMP team again. They were flexible, responsive and reliable through the entire investment process. I know they will continue to be a strong, supportive partner to us as we work to execute on Newterra’s numerous growth opportunities,” commented Ron Kuehl, Managing Director of Frontenac.

For more information, visit Newterra’s website at www.newterra.com.

About Frontenac

Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with proven operating leaders, through an executive-centric approach called CEO1ST, to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. The firm has built a leading franchise working with over 300 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information on Frontenac, please visit http://www.frontenac.com.