Published 6 months ago • loading... • Updated 6 months ago
Eagle Merchant Partners Invests in Atlantic Pipe Services to Support Growth in Critical Water Infrastructure Solutions
The investment aims to accelerate APS's growth through expanded coverage and acquisitions, supporting critical water infrastructure for Florida's municipalities and commercial clients.
On Dec. 4, 2025, Eagle Merchant Partners completed a strategic investment in Atlantic Pipe Services with debt financing from Principal Asset Management.
Founded in 2017, APS has grown into a leading regional water infrastructure provider with seven locations across Florida, serving municipal and commercial customers and planning growth through expanded coverage and acquisitions.
Advisers on the deal included Raymond James and King & Spalding for Eagle Merchant Partners, and William Blair and Burr & Forman for APS, which is known for reliability and technical expertise.
John Egan of Eagle Merchant Partners said APS's services will support municipal and commercial customers across Florida, reflecting pride in its momentum.
This partnership is Eagle Merchant Partners' fourth platform investment from Fund II and sixth in the commercial services sector, aiming to scale the APS platform and deepen municipal relationships.