Florida-headquartered Warren Equity Partners has acquired a majority interest in Magnolia River International Inc., a provider of inspection, engineering and design and geographic information services to natural gas and water utility operators.
Decatur-based Magnolia River serves more than 50 investor-owned utilities, municipalities and industrial customers in 25 states. They provide highly trained and certified inspectors, engineers and GIS professionals across 13 offices to support its customers’ pipeline replacement, deployment and integrity management requirements.
“We are very excited to partner with the Magnolia River team. Over its 20-year history, the company has become a leading provider of infrastructure inspection services. We have a strong reputation for safety, service and technical expertise,” said Steven Wacaster, managing partner at Warren Equity.
Magnolia River has developed proprietary software solutions designed to help customers reduce costs, optimize field operations and ensure regulatory compliance.
“We chose to partner with Warren Equity because of their utility and industrial services expertise. Plus, their proven track record of scaling similar business models and strong cultural fit,” said Heath McCleskey, president of Magnolia River. “With Warren Equity Partners, we have found a value-add partner who will help us execute our strategic growth plan. They share our vision of making the world safer by providing innovative solutions to the utility infrastructure industry.”