The Knoxville Utilities Board knew cured-in-place pipe (CIPP) would bring faster, lower-cost repair to an underground sewer pipe in Knoxville, TN. The 8-inch diameter clay pipe had been in service for more than 50 years.
Reynolds Inliner, a leading wastewater infrastructure renewal contractor, has been renamed Layne Inliner to reflect its status as a member of the Layne family of companies. Layne Christensen Company acquired Reynolds Inliner in 2005.
Radius Professional HDD Tools has launched a new e-commerce website (www.radiushdd.com) that offers a convenient way to purchase hundreds of horizontal directional drilling (HDD) tools and accessories.
MaxLiner, a manufacturer of a turnkey set of cured-in-place pipe (CIPP) equipment, accessories and materials, has been featured in another episode of the Emmy Award-winning Ask This Old House television series. The MaxLiner system was also highlighted in a 2006 episode of This Old House, which featured the complete renovation of a 1916 East Boston home.
URS Corporation and Flint Energy Services Ltd. announced that URS has completed its acquisition of Flint. Under the terms of the definitive agreement announced in February, Flint shareholders received $24.50 per share in cash for each Flint share. The total equity value paid by URS was approximately $1.24 billion.
Dura-Line Holdings Inc., a portfolio company of Chicago-based CHS Capital, has completed the acquisition of PolyPipe Holdings Inc. from the Halifax Group. Terms of the sale were not disclosed. Dura-Line is a portfolio investment of CHS Private Equity V LP, a $1.3 billion investment fund. The Halifax Group is a private equity firm that partners with management to invest in growing entrepreneurial companies.
Vermeer Sales Southwest Inc. (VSSW) announces its Albuquerque location has moved to a new, expanded facility. The previous facility, which opened in 2000, was only 6,000 square feet, and the new building is 13,000 square feet on 2.5 acres of land.