VRA Advises Coastal Infrastructure on its Recapitalization with Sopris Private Equity

VRA is pleased to announce that Coastal Infrastructure, Inc. ("Coastal Infrastructure" or the "Company") has completed a majority recapitalization with Sopris Private Equity ("Sopris"). VRA acted as the exclusive financial advisor to the Company. Terms of the transaction were not disclosed.

Coastal Infrastructure is the leading commercial and municipal water infrastructure company in the rapidly growing coastal regions of North Carolina, South Carolina and Georgia.

Sopris Private Equity is the direct private equity arm of a twenty-year-old single family office guided by the insights, knowledge and experience that come from more than 40 years of private equity investing. As a family office with a single source of capital, Sopris is able to move quickly while employing a management-friendly approach to transactions and value creation. In addition to their private equity strategy, Sopris also has a team of professionals investing through dedicated venture capital and real estate groups.

Coastal Infrastructure and Sopris will work together to capitalize on the Company's existing market position by leveraging Coastal Infrastructure's expansive knowledge of executing complex water infrastructure and site-development services and their preferred vendor status with numerous blue-chip customers. The partnership combines Coastal Infrastructure's extensive project experience, best-in-class operations and experienced team with Sopris's strong track record of driving strong growth for middle-market businesses.