Boyne Capital and Grindstone Partners announce the add-on acquisition of AMA Repiping by SageWater, LLC, a Boyne and Grindstone portfolio company.
Their services include repiping of domestic water systems, drain, waste, and vent (DWV) piping, HVAC mechanical systems, fire suppression systems, and laundry retrofits.
Launched in 2013 by Andy Peck, Mitch Todorov, and Anthony Tchakarov and based in Phoenix, AZ, AMA provides a range of repipe solutions for the multifamily residential market, which includes apartments and condominium communities. And their services include repiping of domestic water systems; drain, waste, and vent (DWV) piping; HVAC mechanical systems; fire suppression systems and laundry retrofits. AMA will become the Southwest Division for SageWater, complementing SageWater’s existing East Coast, West Coast, and Hawaii Divisions.
Together, SageWater and AMA will be the leading repiping and plumbing services platform nationwide. And SageWater helps AMA serve its existing clients nationally, and AMA’s body of work, relationships, and reputation strengthens SageWater’s footprint in the Southwestern US. This partnership builds on SageWater’s commitment to be the go-to partner for complex repiping and value-added plumbing services nationwide.
KEY QUOTES:
“Joining SageWater was a natural evolution for us to grow our presence and service offerings. Our combined resources and capabilities will allow us to expand our offerings beyond turnkey pipe replacement to include SageWater’s forensic PipeTEST solutions and their engineering and design-build capabilities. I am excited that AMA will be able to bring these expanded services to our clients.”
- Andy Peck, CEO of AMA
“We are thrilled to have AMA join the company and expand SageWater’s presence in the Southwest market. Their long history of operational excellence, strong leadership team, and stellar reputation in the Western U.S. make them an ideal fit for the SageWater family.”
- Peter Page, SageWater Co-Founder and CEO
“The AMA acquisition not only bolsters SageWater’s presence nationally but also adds a high-quality group of people to the platform.”Michael Bluestein, Grindstone Managing Partner added, “Together, SageWater and AMA are able to provide the nation’s highest level of service to all customers in the continental US and Hawaii with a local presence and touch that is focused on premium customer satisfaction.”
- Boyne Managing Partner and CEO Derek McDowell
SageWater, LLC is a platform investment in BCM Fund I. And Boyne Capital is dedicated to investing in the lower middle market sector, specifically companies with revenues of less than$100 million and EBITDA of $3 million to $15 million.
