Workdry International, a provider of engineered rental solutions for the handling and treatment of water and wastewater backed by Arcus Infrastructure Partners, has obtained a £660 million ($881 million) group financing package to support its international growth and expansion across the United Kingdom, the United States and Europe.
Infrastructure bank NORD/LB facilitated the financing, which consists of a term loan and revolving credit facility.
During the past few years, Workdry International has seen an increase in demand for its water handling and wastewater treatment services, driven by the maintenance and renewal of aging infrastructure, the introduction of stringent environmental regulations, ESG requirements and other commercial pressures on its infrastructure and industrial customer base. The funding will enable the company to continue to meet this demand and roll out its pumping solutions and on-site water treatment across the United Kingdom, the United Stat