Private equity firm JMI Equity is leading the acquisition of SewerAI, a company specializing in artificial intelligence solutions for sewer and underground infrastructure management. The platform helps organizations capture, analyze, and act on infrastructure data, serving major municipal customers including Houston and Phoenix.

The transaction includes participation from Innovius Capital, Epic Ventures, and Bentley Systems, though financial terms remain undisclosed. Shea & Company, LLC acted as exclusive financial advisor to SewerAI for the deal, suggesting a structured M&A process typical of institutional transactions.

This acquisition reflects growing investor interest in infrastructure technology as aging systems worldwide require digital modernization. Municipalities increasingly seek data-driven solutions to manage underground assets more efficiently, creating opportunities for specialized platforms like SewerAI to scale.

The deal signals private equity's continued appetite for AI-enabled infrastructure plays, particularly those serving essential public services. JMI Equity's involvement suggests confidence in the sector's growth potential amid widespread municipal infrastructure modernization efforts.