Merit Capital and Aiglon Capital complete Carter-Waters acquisition


Merit Capital Partners and Aiglon Capital has closed its buy of Carter-Waters. No financial terms were disclosed. Based in Missouri, Kansas and Illinois, Carter-Waters is a provider of construction materials and equipment for commercial, highway and residential contractors.

PRESS RELEASE

In the second quarter of 2014, Merit Capital Partners, together with Aiglon Capital Management and existing management, completed the acquisition of Carter-Waters LLC (“Carter-Waters” or the “Company”). Carter-Waters is a Kansas City based distributor of construction materials and equipment utilized in concrete construction applications to commercial, highway and residential contractors. The Company operates 12 locations in Missouri, Kansas and Southern Illinois. Carter-Waters also maintains an extensive rental inventory of concrete forming and shoring products and operates a custom rebar fabrication facility.

Merit provided subordinated debt and equity in this investment.

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