KSEnergy Services announced that CIVC Partners, in partnership with True North Equity, has acquired an interest in KSEnergy Services. CIVC is a 40-year-old Chicago-based private equity firm with over $1.3 billion under management and a long history of investing in highly successful, closely held businesses. True North is a Detroit-based firm that makes investments in utility maintenance companies.
Environmental Crossings Inc. (ECI) announced June 3, that long time shareholder Bruce Brasher has purchased all of the outstanding shares and has assumed the position of president. Greg Charney of Lone Star Investments Corp., The Woodlands, TX, was advisor on this transaction and sourced the needed financing.
URETEK's Zero Excavation inflow and infiltration solution is a quick, efficient, low-impact, repair solution that deploys an expanding, hydro-insensitive, high-density polyurethane foam to seal, encapsulate, and stabilize infrastructure systems.
ARIES Grout Systems are designed and built for continuous operations. ARIES TV/Grouting Systems are productive because of the reliable, maintainable and adaptable components utilized in an integrated configuration.
Pure Technologies Ltd. announced July 28 that it has agreed with the shareholders of The Pressure Pipe Inspection Company Ltd. (PPIC) to purchase all of the issued and outstanding shares of PPIC for up to $34.9 million in cash and common stock of Pure. Both companies' boards have approved the transaction, subject to certain conditions and to the approval of the TSX Venture Exchange. The transaction is expected to close by August 31, 2010.
Demand for water and wastewater pipe in the U.S. is expected to rise 5.8 percent annually to $19.6 billion in 2014, exceeding 5.3 billion feet. Advances will reflect renewed activity in the residential building construction sector, the growing obsolescence of sewer and drainage systems and upgrades of municipal water systems. Copper pipe demand will rise at the fastest pace due to its close ties to the resurgent building construction segment.
The Common Ground Alliance (CGA), an organization dedicated to protecting underground utility lines and the safety of people who dig near them, has partnered with The Home Depot to educate customers on the importance of calling prior to digging.
Crossbores continue to spark concern and controversy among utility providers and contractors engaged in underground utility construction. While no immediate solution to safety issues related to crossbores is in sight, clearly progress is being made.
Handling pipe on construction jobs is a labor intensive, time-consuming and potentially-dangerous task, but one that is necessary on every water, sanitary sewer and energy pipeline project, as well as many utility projects where cable is placed in duct or conduit.