Quad-C Management – a leading middle market private equity firm – recently announced it has closed on an investment in the Vortex Companies, a global provider of trenchless infrastructure rehabilitation products and services. Vortex is split into two divisions, offering trenchless infrastructure rehabilitation contracting services and products.
Vortex Services operates in 12 strategic locations throughout the U.S. and Europe. Vortex Products maintains two U.S. facilities. The company’s Sandy, Utah facility formulates, manufactures, and distributes geopolymers, hybrid mortars, polymerics, and resins; while the other, located in Greenville, South Carolina fabricates, trains, and sells sewer robotics, monitoring technology, and installation equipment.
Launched in 2015, Vortex is currently led by its co-founder and CEO, Mike Vellano, who will continue in that capacity.
KEY QUOTES:
“We are excited to partner with Quad-C to accelerate our growth at Vortex. We have been seeking a partner with a similar mindset and history of working with companies on an ambitious expansion path.”
– Co-founder and CEO Mike Vellano
“Quad-C is very excited to add Vortex to its portfolio. Mike and his management team have done an incredible job of building a profitable company in an extremely competitive environment, with a sustainable growth model. We believe Vortex will be a great fit for Quad-C, as we are very focused on the specialty products and services sectors and we have a long history of successfully partnering with privately held, entrepreneurial minded businesses.”
– Tom Hickey, a Quad-C Partner
