PIPE DREAMS
- From: Vol 6, Issue 12 (December 2005)
- Category: Need to know
- Region: Unspecified
- Country: United States
- Related Companies: Axa Private Equity, Bonna Sabla, Industri Kapital, Underground Solutions Inc, US Filter and Veolia
* Andy Seidel, the wonderboy of the US water sector, who has been pursued by packs of hungry venture capitalists since he left US Filter earlier this year, looks as if he has chosen slip lining specialist Underground Solutions Inc. as the vehicle for the second act of his career.
The first act was with Dick Heckman, building Filter\'s revenues from $16 million to $5 billion before selling it to Veolia. The VCs would no doubt like to see that happen again, but is UGSI the right vehicle? It has great technology, but does not seem to be getting anywhere (see story p20).
* Pipes are very much the unglamorous ...
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