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Bain Capital Takes SOLitude Independent

peprofessional

1 week ago

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Bain Capital has agreed to acquire SOLitude Lake Management, a company that keeps lakes, ponds and stormwater basins clean and free of algae and weeds, from Rentokil Initial for an enterprise value of $230 million on a cash-free, debt-free basis.

SOLitude manages freshwater bodies for property owners responsible for maintaining them. Its crews control nuisance algae and invasive aquatic weeds, test water quality, install and service fountains and aeration systems, stock and survey fish popula...

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