Actively Pursuing Wastewater Infrastructure Platforms

Validor is pursuing platform investments across wastewater and stormwater, a sector we believe represents a particularly compelling infrastructure opportunity in the U.S. today.

America’s underground water infrastructure has entered the replacement era. With more than 800,000 miles of public sewer mains nationwide and renewal rates that continue to lag system deterioration, municipalities are facing a growing backlog of critical repairs.

At the same time, regulatory mandates, MS4 stormwater requirements, and formalized asset management programs are transforming what was once reactive maintenance into recurring, compliance-driven spending. 

Within this landscape, we are focused on three core service areas:

Inspection & Data-Driven Asset Management

CCTV inspection, digital mapping, and coding that support proactive management of system health.

Cleaning & Preparation Services

Jetting, hydro-excavation, and route-based maintenance programs that support ongoing system performance.

Trenchless Rehabilitation

CIPP lining, grouting, manhole rehabilitation, and related technologies that extend asset life at materially lower cost and disruption than traditional open-cut replacement.

We are seeing a continued shift toward trenchless technologies, multi-year MSAs/IDIQ contracts, and integrated service models, all of which enhance responsiveness and accountability for municipal partners.

The market remains highly fragmented at the regional level, where trusted local operators play critical roles in their communities. We are focused on partnering with these businesses -- preserving their local relationships and culture while providing institutional resources, technology enablement, and strategic M&A.

We welcome the opportunity to connect with owners, operators, and industry partners regarding opportunities in this sector. Our focus is on regional operators generating $3–25M of EBITDA with strong municipal relationships, recurring compliance-driven revenue, and clear opportunities for geographic expansion.

We'd welcome the opportunity to connect on this search, as well as potential add-on opportunities across our portfolio.

Additional information on our intermediary approach, including out finder's fee structure is available here. Please reach out to Alex McDermand with any relevant opportunities.