Goldsmith Agio Helms Announces the Sale of Infiltrator Systems, Inc. to Graham Partners

Oct. 3, 2005

Goldsmith Agio Helms announced the sale of its client, Infiltrator Systems, Inc., a leading designer and manufacturer of plastic chamber systems for on-site septic leachfields and stormwater management, to Graham Partners, a Philadelphia-based private equity firm. The sale of Infiltrator is Goldsmith Agio Helms' 56th successful transaction completed in the plastics industry, and its 54th successful transaction completed in the building products industry.

Roy Moore, president of Infiltrator, said, "This is a very exciting time for Graham to partner with us, as our chambers have revolutionized the septic industry and are well positioned to further exploit opportunities that lie ahead in wastewater and stormwater management. With Graham Partners' intimate knowledge of plastic manufacturing businesses, they are the perfect partner to help us accelerate our next phase of growth."

Jim Nichols, founder and former CEO of Infiltrator, added, "I am extremely pleased with the results of the transaction. After 19 years of nurturing and developing Infiltrator into a market leader, it was our top priority to find the right partner with the cultural fit and strategic vision to make the most of Infiltrator's unique strategic foundation."

Rob Newbold, managing principal of Graham Partners, said, "The Infiltrator acquisition is representative of our conviction that significant growth potential exists in companies that are driving conversions in their industries from traditional materials to higher quality, lower cost alternatives. Infiltrator will continue to benefit from further penetration of its plastic chamber systems due to the many functional and cost saving advantages versus old fashion gravel-and-pipe alternatives."

Jerry Caruso, Managing Director and Member of Goldsmith Agio Helms, said, "We have worked with Infiltrator for many years to help position them for sale to a partner that will help take the Company to its next level of growth. With Infiltrator's recent introduction of a revolutionary new product line and its unprecedented advances in plastics recycling technologies, it is hard to imagine a better match."

Steve Beck, managing director, added, "After a tremendous response from the market and a highly competitive sale process, Infiltrator is now partnered with a group that fully recognizes the company's unique value. It was a genuine pleasure working with both Infiltrator and Graham throughout this process to create what will be a very dynamic and productive combination."

Source: Goldsmith Agio Helms