Private equity firm creates water services vertical

US private equity firm Alpine Investors has launched Axia Water, a newly formed water services business.

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Axia has also announced an inaugural partnership with Madera Pumps, a provider of water well and pump services in California’s Central Valley.

As Alpine’s dedicated water services vertical, Axia will focus on partnering with established water businesses across the US to support and scale their offerings while preserving their independence and culture. Axia will sit within AlpineX, Alpine’s business services platform, with Amanda Neilson serving as CEO.

Madera Pumps provides full-service pump and well services in the Central Valley of California. Founded in 1977, Madera’s services include pump testing, data analysis, capacity and well yield, video surveying, well rehabilitation and repair. Madera Pumps will continue to operate independently under its existing brand.

“We are excited to launch Axia through our partnership with the Madera team, who have built an outstanding water services company, which has benefited thousands of customers for decades across the Central Valley,” said Amanda Neilson, CEO of Axia Water. “Axia brings the benefits of a large company to entrepreneurial water services businesses, while Madera and well-established companies like it will continue to operate independently. Together, we have a unique opportunity to transform the water services sector, attract new talent and harness growth opportunities for this essential environmental service.”

“We are thrilled to enter our next stage of growth through our partnership with Amanda and the Axia team. Axia and Madera share the same mission of guaranteeing reliable access to water for growers, farmers, cities and local residents,” said Matt Angell and Trisha Tolbert, co-partners at Madera Pumps. “As a local one-stop service provider for all pump and well needs, we are excited and confident about this partnership and the future of Madera, its team, and our community.”

Axia is actively seeking additional partnerships with strong regional water service companies. The business is particularly interested in partnering with companies providing access to and service of groundwater resources to agricultural customers, municipalities, industrial operators and private homes across the United States.