has performed a majority recapitalization

Headwaters MB Advised H2X on a Debt and Equity Recapitalization

January 2011

Headwaters advised H2X, a hydro excavation company based in Colorado, on an equity and debt recapitalization transaction.

Paul Janson, President & COO, said, “Mike and his team were patient and responsive with a very complicated transaction. With the management team’s expertise and a strong capital structure, H2X is poised to execute on their growth strategy.”

Mike Clark, Chairman & CEO of H2X, commented, "Two factors greatly influenced this transaction: we were insistent on finding a private equity sponsor that shared our philosophy and we kicked off this transaction in challenging market conditions. The team from Headwaters was incredibly persistent. They helped us identify a great sponsor and create a capital structure that supports our goals for growth.”

Terms of the transaction were not disclosed.

Industry Experience

Building Products

Lead Professional

Paul Janson

Chief Operating Officer
"Two factors greatly influenced this transaction: we were insistent on finding a private equity sponsor that shared our philosophy and we kicked off this transaction in challenging market conditions. The team from Headwaters was incredibly persistent. They helped us identify a great sponsor and create a capital structure that supports our goals for growth.”
Mike Clark
Chairman & CEO
H2X