XPV Water Partners Announces Sale of Atlas-SSI to Goldman Sachs Alternatives 

The sale marks XPV’s sixth profitable exit in 24 months. 

April 1, 2025 – XPV Water Partners (“XPV”) is proud to announce that Goldman Sachs Alternatives, an alternative investments platform that is part of Goldman Sachs Asset Management, has acquired Atlas-SSI, Inc. (“Atlas-SSI”). 

Atlas-SSI designs, manufactures, and services customized screens, gates, and barriers that serve as the first line of defense for facilities that use water.  

XPV acquired Atlas Manufacturing and Screening Systems International to create one of the largest full-service providers of industrial water intake systems in North America in 2018. Since that time, Atlas-SSI and XPV have worked together to strengthen the company’s portfolio of solutions and expand market reach through organic growth initiatives and several strategic acquisitions. 

Today, the company is making significant contributions to building resilience, curbing plastic pollution, and protecting aquatic biodiversity across North America. 

“Atlas-SSI has played a huge role in transforming the industry, helping industrial water users to not only protect their equipment and operations, but also to meet increasingly stringent standards and become leading corporate citizens,” said Khalil Maalouf, Investment Partner, XPV Water Partners. 

He added: “Working with Atlas-SSI’s team has been a rewarding journey. We are delighted the company has joined Goldman Sachs Alternatives. There is tremendous opportunity for Atlas-SSI to build on its strong position in the market, and we look forward to the company’s continued success.” 

“The company we’ve built with XPV’s team is in a fantastic position to grow with Goldman Sachs Alternatives,” said Paul Lewis, CEO, Atlas-SSI. “Our new partnership enables Atlas-SSI to accelerate our mission of delivering innovative water management solutions that protect critical infrastructure and ecosystems. With Goldman Sachs’ support, we’ll expand our capabilities, enhance our technology leadership, and continue to meet the critical and growing needs of our customers.” 

The sale of Atlas-SSI marks XPV’s sixth profitable exit in the last 24 months. The firm’s momentum is the result of a unique approach to rapidly scaling water-related companies, including how XPV partners and aligns with existing owners and management teams. Bringing an unmatched depth of industry knowledge and experience, the XPV team has built a proven growth platform that leverages strategy, talent, sales, operations, and M&A expertise. 

About XPV Water Partners  
  
XPV Water Partners is a team of experienced operators and investors who are committed to making a difference in water. The firm manages investment capital from some of the world’s top institutional investors, and partners with emerging water-related companies to help them rapidly expand and achieve their strategic goals. XPV aims to generate strong, risk-adjusted returns for its investors by leveraging its trusted ecosystem, deep industry knowledge and its water centric company scaling platform. XPV is committed to building partnerships that contribute to growing people, sustainable businesses, prosperous communities, and a water secure future. For more information, visit xpvwaterpartners.com. 

About Atlas-SSI  

Atlas-SSI, Inc. is North America’s leading full-service provider of water management solutions that protect mission-critical assets and water ecosystems with a portfolio of traveling water screens, 316(b) fish-friendly screens, trash rake systems, wastewater headworks, grit handling solutions and stormwater screens.  Certified field service and dive teams offer nationwide service capabilities to support turnkey installations, on-site service, inspections, and preventative maintenance.  To learn more, visit atlas-ssi.com.  

Media Inquiries:
Kerry Freek, kfreek@xpvwaterpartners.com