Vortex serves a diverse customer base of municipalities, private contractors, and industrial customers by offering trenchless rehabilitation solutions, as opposed to traditional dig and replace methods. Vortex has two divisions. The Vortex Services Division performs full structural pipe lining, restoration, pipe bursting, slip lining, and cured-in-place pipe. The Vortex Products Division manufactures patented geopolymers and epoxy coatings and is the exclusive North American distributor of various other trenchless products and equipment. Vortex’s founder and Chief Executive Officer, Mike Vellano, was introduced to Platform in 2017 by a mutual acquaintance. Mr. Vellano and the senior management team were seeking a partner to provide capital for acquisitions and organic growth, as well as provide partial liquidity to the shareholders. The management team was attracted to Platform’s perpetual investment structure and history of partnering with similar-sized companies to help accelerate growth. Platform’s investment facilitated the continued expansion of Vortex’s product and service offering through a combination of organic and acquisition growth with the goal of building a nationwide company that offers a comprehensive solution currently unavailable in the industry.
Vortex Companies
The Vortex Companies (“Vortex”) deliver advanced trenchless technologies and turnkey services to cost-effectively renew water, sewer and industrial infrastructure.
vortexcompanies.com
INDUSTRY
Industrial Services
Investment Date
2017
EXIT DATE
2023
HEADQUARTERS
Houston, TX
Investment Overview
Transaction Background