House equity

Warren Equity announces the acquisition of Magnolia River


DECATUR, Ala – (BUSINESS WIRE) – Warren Equity Partners, a lower middle market private equity fund, is pleased to announce the acquisition of Magnolia River International, Inc. (“Magnolia River” or the “Company”). Magnolia River, based in Decatur, AL, is a leading provider of inspection, engineering, design and Geographic Information System (GIS) services for gas distribution and transmission infrastructure and operations. natural and water utilities. Warren Equity acquired a controlling stake in Magnolia River from founder Ronnie Hoff and other shareholders. Financial terms of the transaction were not disclosed.

“We are very happy to partner with the Magnolia River team. Over its 20 year history, the company has grown into a leading provider of infrastructure inspection services with a solid reputation for safety, service and technical expertise, ”said Steven Wacaster, Managing Partner at Warren Equity.

The company provides technology-based underground infrastructure services to more than 50 investor-owned utilities, municipalities and industrial customers in 25 states. Magnolia River relies on a highly trained and certified base of in-house inspectors, engineers and GIS professionals in thirteen offices to support its customers’ pipeline replacement, deployment and integrity management requirements. . The Company complements its services with proprietary software solutions (including the flagship FlowGIS â„¢ and FieldLogIQ â„¢ platforms) designed to help customers reduce costs, optimize field operations, boost data management and ensure compliance regulatory.

“We chose to partner with Warren Equity because of their expertise in utilities and industry, their proven track record in scaling similar business models and their strong cultural fit,” said Heath McCleskey, president and member of the board of directors of Magnolia River. “With Warren Equity, we have found a value-added partner who will help us execute our strategic growth plan and who shares our vision to make the world a safer place by providing innovative solutions to the utility infrastructure industry.”

“We are proud to partner with a company that is strongly aligned with the culture and values ​​of Magnolia River and that will provide valuable management during our next phase of growth,” added Ronnie Hoff, Founder of Magnolia River.

“Magnolia River sits at the intersection of several favorable industry winds, including continued investments in infrastructure safety and efficiency, increasing adoption of technology and technology services to track service asset performance. public and optimizing field operations, and a growing demand for outsourced services, ”added Michael Ouyang, vice president of Warren Equity. “We look forward to working with management to continue driving organic growth and deploy an effective acquisition strategy in this highly fragmented market.”

This transaction represents Warren Equity Partners’ fourteenth investment on the platform and 45e acquisition since its creation in mid-2015.

About Warren Equity Partners

Warren Equity Partners is a private equity firm that invests in mid-market operating companies primarily in North America. The company focuses on situations where additional capital and operating resources can accelerate growth, targeting the industrial, infrastructure and business services sectors. Warren Equity invests in the form of buybacks, growth stocks and recapitalizations. For more information, please visit

About Magnolia River

Founded in 2000 and headquartered in Decatur, AL, Magnolia River provides inspection, engineering, GIS and technology solutions for pipeline and utility infrastructure and operations. Utility, municipal and industrial customers in the Southeast, Southwest and Midwest rely on the Company for their pipeline replacement, deployment and maintenance needs. Magnolia River also offers a suite of proprietary technology solutions within its GeoCurrent business unit to enable utility and pipeline operators with value-based technology to reduce costs, make fieldwork more efficient and meet regulatory needs. For more information, please visit


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