USP Holdings has acquired 100% of the equity interests in US Pipe for $89.8m in cash, under the terms of the agreement.
It also paid $4.2m for estimated net working capital and estimated net indebtedness adjustments subject to post-closing adjustments.
Wynnchurch also agreed to reimburse Mueller Water Products for certain liabilities, currently estimated at $10.2m.
Mueller Water Products expects to use the proceeds from the divestiture to pay down debt and for general corporate purposes.
US-based Mueller Water Products is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of safe, clean drinking water and in water treatment facilities.
