Warren Equity acquires StormTrap
ROMEOVILLE- StormTrap, LLC, a provider of stormwater management solutions to municipal, commercial, industrial and residential markets. has been acquired by private equity fund Warren Equity Partners for an undisclosed amount.
Warren Equity acquired a majority interest in StormTrap from the Hawken family, who founded the company in 2002. The Hawken family invested alongside Warren Equity in the transaction and will remain on the board of directors going forward.
"StormTrap is well positioned to continue to serve the growing demand for stormwater management systems, and we are excited to help the Company expand their geographic footprint and product offering. We look forward to partnering with the Hawken family and StormTrap's exceptional management team," said Scott Bruckmann, partner at Warren Equity.
StormTrap designs and engineers precast concrete systems that store stormwater runoff in underground chambers before releasing it at a controlled rate or harvesting it for reuse. In addition, the Company provides water quality systems that remove pollutants and contaminants from stormwater runoff. The Company's patented technology provides customizable solutions for detention, retention, water quality, and water harvesting.