Goldman Sachs Alternatives announced the acquisition of Mississippi-based Atlas-SSI Holdings, which supplies water management and protection equipment for municipal water systems and industrial facilities.

According to the companies, the acquisition will position Atlas-SSI to expand and meet increased demand for upgrading aging water infrastructure.

Atlas-SSI‘s products include filtration systems, traveling water screens, EPA-compliant fish-friendly screens, trash rake systems to remove debris, and wastewater headworks for water treatment systems, among other solutions and devices.

The company said that its solutions remove plastics and other pollution from water while protecting aquatic life. In addition, Atlas-SSI rebuilds deteriorated water screens and other filtration systems, reducing both waste and carbon emissions by decreasing the use of virgin materials.

Jeff Possick of Goldman Sachs Alternatives said:

“Atlas-SSI provides essential equipment which serves as the first line of defense for mission-critical assets, with end markets having non-discretionary demand for high quality water. The company has built significant customer trust as one of the only end-to-end solutions providers in North America providing highly reliable equipment with 100% of manufacturing in the U.S. We believe Atlas-SSI is well positioned to capitalize on macro tailwinds by upgrading and servicing current systems to be more resilient and supporting new facility buildout.”

Atlas-SSI said that with the acquisition it plans to utilize the global network and resources of Goldman Sachs to further accelerate growth in the water sector, including expansion into new markets and broadening its offerings, while continuing to improve service to existing customers.

The potential new markets are substantial, Atlas-SSI said, adding that the municipal water sector is undergoing sizable investment following decades of underinvestment, with the EPA estimating that over $744 billion will be required during the next two decades to upgrade water infrastructure. Water systems are set to see increased pressure from the expected growth of industrial manufacturing. In addition, the growth of data centers and electrification is expected to expand the buildout of power generation facilities, which often require significant access to water systems.

Paul Lewis, CEO of Atlas-SSI, said:

“We are thrilled to partner with the team at Goldman Sachs Alternatives as we enter our next phase of growth. This partnership enables Atlas-SSI to accelerate our mission of delivering innovative water management solutions that protect critical infrastructure and ecosystems. With Goldman Sachs’ support, we’ll expand our capabilities, enhance our technology leadership and continue to meet the critical and growing needs of our customers.”