Advised Company on SaleEnergy & Utilities
Acquired 100% of Business Infrastructure
Advised Wachs Valve and Hydrant Services, LLC ("Wachs Water Services") on its acquisition by Pure Technologies Ltd. Wachs Water Services is a leading provider of flow control maintenance and support, leak detection and related asset management services to the water sector in the United States.
Wachs Water Services was founded in 2000, as a service company focused on helping water utilities to improve control of their aging distribution networks.
Headquartered in Calgary, Alberta, Canada, Pure Technologies Ltd. is an international asset management, technology and services company which has developed patented technologies for inspection, monitoring and management of critical infrastructure around the world.
The companies combined services and expertise encompass the length of the underground infrastructure value chain, allowing the full management of pipeline condition assessment projects, from valve management to pipeline re-commissioning. Clients will benefit from an enhanced and integrated solution set which includes Pure's proprietary inspection and monitoring technologies and Wachs Water's expertise in pipeline valve, hydrant and distribution systems management.
Ted Polk, Managing Director of Capstone, added, "The transaction is representative of the highly strategic and selective acquisitions we are seeing in this space. Buyers are methodically building their product and service offerings so as to be best prepared to win their share of available work. The competition for projects is tight, causing buyers to move across the spectrum of products and services in an effort to build a compelling and encompassing offering.”