M&A Deal Summary

Vortex Acquires PEC

On May 13, 2024, Vortex acquired business services company PEC

Acquisition Highlights
  • This is Vortex’s 5th transaction in the Business Services sector.
  • This is Vortex’s 7th transaction in the United States.
  • This is Vortex’s 1st transaction in Montana.

M&A Deal Summary
Date 2024-05-13
Target PEC
Sector Business Services
Buyer(s) Vortex
Deal Type Add-on Acquisition

Target

PEC

Helena, Montana, United States
PEC specializes in rehabilitating the entire collection system including manholes, storm drain mains, sewer mains, and laterals. PEC was founded in 1993 and is based in Helena, Montana.

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Buyer(S) 1

Buyer

Vortex

Houston, Texas, United States
Category Company
Sector Business Services
DESCRIPTION

Vortex is a trenchless solution provider in the water, sewer, and industrial marketplace. Its suite of services includes turnkey bypass and dewatering, large diameter structural relining, pipe bursting and slip lining, structural and corrosion protection, trenchless robotic systems, pipe and drain cleaners and industrial facility maintenance and renewal. Vortex is based in Houston, Texas.

DEAL STATS #
Overall 11 of 12
Sector (Business Services) 5 of 5
Type (Add-on Acquisition) 10 of 11
State (Montana) 1 of 1
Country (United States) 7 of 8
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Applied Felts

Martinsville, Virginia, United Kingdom

Applied Felts is focused on the development of the CIPP process and provides unparalleled commitment to understanding unique field application requirements and its unmatched exploration and breakthrough innovations to meet those needs. The company continues the tradition of innovation with the development of fiberglass-reinforced liners for gravity sewer lines, as well as advancements in liners designed specifically for highly demanding pressure pipe and potable water applications. Applied Felts is based in Martinsville, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-23 Premier Pipe

Troy, Ohio, United States

Premier Pipe is a provider of high-performance cured-in-place pipe (CIPP) products. Premier Pipe products are developed and manufactured by United Felts, a manufacturer of cured-in-place pipe liner. Premier Pipe was formed in 1997 and is based in Troy, Ohio.

Buy -
Mergr

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