Houston, TX – August 7, 2019 – Leading trenchless rehabilitation services company, Vortex Companies, acquired Utah-based Stag Technologies (“Stag”), a high-performance coatings manufacturer serving the water, sewer and industrial infrastructure marketplace. “Stag’s management team has built a reputation for developing high performance epoxies and other coatings that we believe are unmatched in our industry,” said Mike Vellano, CEO of Vortex Companies (“Vortex”). “A lot of our work at Vortex involves the application of corrosion-resistant products. Stag’s coatings and linings complement our systems.”
In addition to the Stag acquisition, Vortex recently completed the acquisition of The Ted Berry Company (“Ted Berry”), a Maine based, New England area trenchless rehabilitation solutions provider. Located in Livermore, Maine, Ted Berry has built a reputation for providing exceptional service leveraged by its team’s depth of experience within the trenchless infrastructure rehabilitation market. “Strategically, this acquisition makes a lot of sense for us,” said Mr. Vellano. “The combination of our added services and Ted Berry’s experience further fortifies our position in the industry.”
“This is an exciting day for Ted Berry. In my experience with Vortex, they have always placed a high value on being a quality driven trenchless solutions provider,” said Matt Timberlake, President of Ted Berry. “It’s a good fit for us and we look forward to continuing to serve our existing customer base, as well as now having the ability to offer expanded trenchless services.”
In partnership with Platform Partners, Vortex continues to evaluate acquisition opportunities to expand its geographic presence, add management depth and diversify its product and service offering.
About Stag Technologies
Stag specializes in developing and delivering 100% solids products with ZERO VOCs. They offer a full line of products to handle water, wastewater, industrial infrastructure rehabilitation, as well as specialty materials for commercial flooring and walls. Stag’s in-house formulators have decades of experience in developing environmentally friendly epoxies and urethanes.
About the Ted Berry Company
Located in Livermore, Maine, Ted Berry has been family owned and operated since 1972. Ted Berry provides services to both municipal and industrial customers throughout New England. The company’s core service groups include municipal utility services, industrial cleaning services, trenchless pipe rehabilitation, and CCTV pipeline inspection.
About the Vortex Companies
The Vortex Companies deliver advanced trenchless technologies and turnkey services to cost effectively renew municipal, industrial and commercial infrastructure. The Vortex Services division provides lining and coating solutions, pipe bursting, CCTV and inspection. The Vortex Products division develops and sells manhole and pipe rehabilitation materials, polymeric coatings and resins, sewer robot systems, and high-speed drain cleaning tools. With strategic acquisitions planned over the next couple of years, the Vortex Companies remains focused on its vision of providing a broad range of intelligent and economical trenchless infrastructure renewal solutions, supported by highly experienced and trained personnel. For more information, go to: vortexcompanies.com.
About Platform Partners LLC
Founded in 2006, Platform Partners LLC is a private investment company based in Houston that makes investments in lower middle-market companies with the intent of growing these businesses into industry leaders through a combination of organic and acquisition growth. Platform invests through a perpetual holding company structure allowing for a long-term, patient approach to partnering with entrepreneurs to build companies. For more information, please visit www.platformllc.com.