East Range Group announced a strategic partnership with Norwest, a venture capital and growth equity firm.
The partnership provides East Range Group with long-term capital, resources, and strategic support to continue investing in its employees, customers, capabilities, and new growth opportunities.
East Range Group is a family of regional high-purity water systems and service companies. The company designs, builds, installs, and maintains high-purity water systems used in mission-critical applications.
The company also supports customers throughout the lifecycle of those systems through preventative maintenance, emergency response, calibration, validation, deionization, and other services designed to keep critical operations running.
East Range Group serves customers across pharmaceutical and life sciences, hospital and healthcare, semiconductor and electronics, food and beverage, specialty manufacturing, and other industries where reliable high-purity water is required.
As East Range Group has expanded, the company has focused on preserving the local teams, brands, relationships, and service-driven cultures that made each regional business successful.
At the same time, the company has invested in shared capabilities, operational excellence, and long-term growth.
Each company within East Range Group continues to serve customers through dedicated regional teams while receiving support from the broader resources, talent, and expertise of the larger organization.
Norwest’s investment is expected to help East Range Group further develop its model of combining local responsiveness with broader scale.
BMO Capital Markets served as an advisor to East Range Group. Greenberg Traurig served as legal counsel to East Range Group.
Weil, Gotshal & Manges, Morrison & Foerster, and Osler, Hoskin & Harcourt served as legal counsel to Norwest.
Norwest manages more than $15.5 billion in capital and has invested in more than 700 companies since inception. The firm currently partners with more than 250 companies across its venture and growth equity portfolio.
KEY QUOTES:
“We are incredibly proud of the team at East Range Group and the culture that has been built across the organization. At ERG, our shared purpose has been to build a phenomenal place to work. Norwest shares that commitment and understands the importance of investing in great people and building great teams.”
Michael Donovan, Co-CEO of East Range Group
“East Range Group has built something that’s difficult to replicate: a team with deep technical expertise, an exceptional service culture, and a model that works at the local level and at scale. We’re proud to partner with Mike, Tyler, and the entire ERG team as they continue growing the business.”
Connor Pike, Principal at Norwest
“Across ERG, our teams work every day to support customers whose operations depend on mission-critical high purity water systems. Partnering with Norwest enables ERG to invest further in our people and capabilities, while continuing to deliver the quality, responsiveness, and technical expertise our customers depend on.”
Tyler Hogan, Co-CEO of East Range Group
