HardRock Infrastructure acquires HDW Construction & Drilling, expands water utility services
(UI) — HardRock Infrastructure Services and Tower Arch Capital have completed the acquisition of HDW Construction & Drilling, strengthening HardRock’s presence in the water and wastewater utility industry. HDW, based in Seguin, Texas, will become a wholly owned subsidiary of HardRock, with founder Shohn Huckabee and his family remaining significant investors.
HDW, founded in 2015, specializes in auger boring and tunneling for water and wastewater infrastructure projects, serving municipal and utility customers across Texas. The acquisition is expected to expand HardRock’s capabilities in the sector.
“This partnership with HDW further solidifies HardRock as a top provider of directional drilling and infrastructure services in Texas,” said Robert Myers, CEO of HardRock. “We are thrilled to partner with Shohn and the HDW team as we grow and diversify our services.”
Shohn Huckabee, Founder of HDW, expressed optimism about the new partnership: “HDW has long been a trusted provider of infrastructure services. We’re proud of our team and excited to expand our presence throughout Texas and beyond with HardRock and Tower Arch Capital.”
David Topham, a partner at Tower Arch Capital, echoed the sentiment: “HDW’s focus on service and safety makes this a great fit with HardRock. We look forward to supporting HardRock in its next growth phase.”
Terms of the deal were not disclosed. Financing for the transaction was provided by Zions Bank. Legal and financial advisors included Gibson, Dunn & Crutcher LLP, BDO USA, LLP, and Ainsa, Huston, Hester & Crews LLP.
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