Kirkland Advises KKR on Agreement to Sell Axius Water

Kirkland & Ellis advised KKR, a leading global investment firm, on a definitive agreement whereby KKR and XPV Water Partners, a leading water-focused investment firm, will sell Axius Water to CRH, a leading building materials company. Formed in 2019 by KKR and XPV to unify high-potential companies across nutrient management, Axius has grown into a global leader in advanced water quality solutions. The transaction is expected to close in Q2 2026, subject to customary regulatory approvals and closing conditions.

Read the transaction press release

The Kirkland team included corporate lawyers Kyle Watson, Zach Savrick, John Pitts, Cat Leveque, Shelby Velasquez, Suranjana Chattopadhyay and Saam Namazi; and tax lawyers David Wheat, Joe Tobias and Brooke Schafer.