Fortress Investment Group has acquired major equity in Infra Pipe Solution. This new investment in IPS will increase the company’s ability to meet the increased demand and better serve our customers.

Nov 25, 2024

Fortress Investment Group has acquired Infra Pipe Solution, a leading manufacturer of small to large diameter high density polyethylene (HDPE) pipes and structures which are sold under brand names including Sclairpipe®, Weholite®, Endopure® and Enduct®.

Fortress Investment has acquired a majority of IPS’s equity while the company’s management team has retained a minority stake.

Commenting on the new development, Mr. Bill Donaldson, CEO of Infra Pipe Solutions, said, ‘‘Our new partnership with Fortress Investment is the start of an important next chapter for IPS, with increased investment to fuel our growth. We see strong demand for our product over the coming decades as hundreds of billions of dollars have been committed to projects across North America that rely on HDPE products.’’

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He added, “From the broad expansion and rehabilitation of potable water transmission in the US, to the ongoing build-out of broadband across rural Canada and the USA, to the huge demand for data transmission infrastructure created by AI, to the transmission of minerals fundamental to the clean-energy transition – Infra Pipe Solutions is exceptionally well-positioned to supply products that are essential to infrastructure development. This new investment in our company will increase our ability to meet the increased demand and better serve our customers.”