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Underground Solutions Raises $45M, Acquires Company

Poway-based Underground Solutions, Inc. (UGSI), a developer of water and wastewater infrastructure and technology, has raised $45M in a financing round, and acquired another company in the water industry. According to UGSI, it raised $30M in a Series C funding, with an option for an additional $15M in funding from Riverwood Capital. The company said it will use a portion of that funding to acquire water treatment technology developer Process Solutions, Inc., which is based in Campbell, California. More information »


 

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