May 28, 2015
TORONTO - Ontario Teachers' Pension Plan (Teachers') today announced it has completed the acquisition of Infiltrator Water Technologies, LLC, (Infiltrator), a pioneer in innovative plastic technologies that previously operated as Infiltrator Systems, Inc.
Terms of the transaction, which was led by Teachers' Private Capital (TPC), are not being disclosed.
Based in Connecticut, Infiltrator is a leading manufacturer of engineered plastic chambers, synthetic aggregate leachfields, plastic tanks, and accessories used in the large and growing wastewater and stormwater industries. It has a network of more than 1,700 distributors in the United States and Canada.
"We look forward to supporting Infiltrator's strong management team as it continues to build on the company's record of operational excellence and new product development," said Jane Rowe, Senior Vice-President of TPC.
"Infiltrator is excited about this opportunity for continued growth and diversification," said Infiltrator President and CEO, Roy Moore. "The updated name helps to better define and communicate the company's strategy to provide innovative products to effectively manage all forms of water."
TPC has developed expertise in specific industry sectors and leads deals on a sole or partnered basis, invests in private equity funds and co-invests with other like-minded private equity funds.
With $154.5 billion in net assets as of December 31, 2014, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 311,000 active and retired teachers in Ontario. For more information, including our annual reports from 2014 and previous years, visit www.otpp.com. Follow us on Twitter @OtppInfo.