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.