ELK GROVE VILLAGE, Ill., November 2, 2021 / PRNewswire / – Waterline Renewal Technologies, a portfolio company of Behrman Capital, today announced the acquisition of Pipe Lining Supply, a national full-service cured-in-place pipe (CIPP) Lateral Lining and Drain, Waste and Vent ( DWV.)) Sewer rehabilitation provider specializing in first-class customer service and training. In line with Waterline Renewal Technologies ‘growth strategy, the acquisition provides a solid foundation for the further development of Waterline Renewal Technologies’ business in North America. Financial terms of the transaction were not disclosed.
Founded in 2004 by Linda Heisler and later her husband joined John Heisler, Pipe Lining Supply is a supplier of supplies and equipment for the restoration of sewers to like new without excavation. Pipe Lining Supply offers a wide range of products and services for all gravity drainage systems in need of refurbishment and has created a complete solution for plumbers and drain cleaners. Offering includes Quik-Shot ™ systems, Quik coating systems, high speed drain cleaning machines, side trim materials and resins, support and training, and customizable drain cleaning, coating and side trim MICROSHOP on wheels.
Grant Behrman, Managing Partner of Behrman Capital, said: “Pipe Lining Supply is an excellent strategic fit for Waterline and will greatly enhance the company’s capabilities to meet the increasing demands of repairing America’s sewage infrastructure. We are pleased to see Waterline’s continued growth to support in the further course. ” to expand its leading position with innovative pipe rehabilitation solutions. “
“We are very excited to welcome the Pipe Lining Supply team and to join forces with them. Both companies share a common mission to deliver the innovations our customers need and we look forward to continuing to serve our installer partners together, “said Waterline Renewal Technologies Chief Executive Officer, Harley chaplain. “The takeover is in line with our strategy and will further strengthen our position as a key player in the growing market for trenchless pipe rehabilitation, as we are revolutionizing the way plumbers and drain cleaners work with our range of products and services.”
The Pipe Lining Supply management team will continue to lead the company and support Waterline Renewal Technologies in the successful integration. Pipe Lining Supply has its own distribution centers in Anaheim, California, and Springfield, MO, and it will remain a trusted supplier of sewer rehabilitation equipment and materials while providing unmatched training and customer service.
Adams Street Partners provided the debt financing for the transaction.
About Behrman Capital
Based in New York City, Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The company invests in management buyouts, leveraged buildups and recapitalizations of established growth companies. The company’s investments focus on three industries: defense and aerospace, health services, and specialty product manufacturing and distribution. Since its inception, the company has $ 3.5 billion and is currently investing from its sixth fund.
About water pipe renewal technologies
Waterline Renewal Technologies and its brand portfolio is a leading supplier of technical products for the trenchless repair and rehabilitation of sewage / rainwater infrastructure for municipal, commercial / industrial and private applications and offers through its brands APM, LMK Technologies, Perma-Liner Industries and LightRay.
Via pipe lining supply
Pipe Lining Supply is a leader in the manufacture and sale of materials and equipment used in the lateral sewer lining and DWV rehabilitation (DWV) field. The company was founded to serve customers who need training and assistance, as well as the equipment and materials to rehabilitate aging sewer lines and pipes to bring them to new condition. The goal of Pipe Lining Supply is to provide the industry with a complete warehouse with the best products at the lowest delivery costs in a timely manner.
Contact:
Ross Lovern / Daniel Hoadley
Kekst-CNC
[email protected] / [email protected]
SOURCE Behrman Capital
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