Kirkland & Ellis announced on May 6 that it advised KKR, a global investment firm, in an agreement to sell Axius Water to CRH. The transaction involves both KKR and XPV Water Partners, another investment firm focused on water, as sellers.
The agreement is significant because Axius Water was formed in 2019 by KKR and XPV with the goal of unifying companies in nutrient management. Since its formation, Axius has become a leader in advanced water quality solutions.
According to Kirkland & Ellis, the deal is expected to close in the second quarter of 2026 after receiving customary regulatory approvals and meeting closing conditions. CRH is described as a leading building materials company that will acquire Axius Water through this transaction.
The legal team from Kirkland & Ellis included corporate lawyers Kyle Watson, Zach Savrick, John Pitts, Cat Leveque, Shelby Velasquez, Suranjana Chattopadhyay and Saam Namazi; as well as tax lawyers David Wheat, Joe Tobias and Brooke Schafer.
As water quality continues to be an important issue for many industries globally, transactions such as this may have broader implications for future investments and partnerships within the sector.
