Pro-Vac Completes Acquisition of Kinetic
2024年5月24日 - 8:00PM
ビジネスワイヤ(英語)
Pro-Vac, a leading provider of essential subsurface
infrastructure services, announced today that it has acquired
Kinetic, a leading provider of hydro excavation services in the
Rocky Mountain region and DMV-area. The combination significantly
enhances and expands Pro-Vac’s scale and geographic reach. The
combination was supported by Gallant Capital Partners (“Gallant”),
the majority owner of Pro-Vac.
“We are excited to grow Pro-Vac’s national presence with new
inroads into Colorado and Virginia,” Graham Gill, CEO of Pro-Vac,
added. “The addition of Kinetic’s high-quality fleet and
well-trained personnel, coupled with Pro-Vac’s diversified
infrastructure services capabilities, will benefit existing
customers of both companies.”
“Pro-Vac continues to be a strong platform for growth, evidenced
by its recent acquisitions, including its investment in Kinetic,”
said Anthony Guagliano, Partner at Gallant. “Gallant will continue
to invest significant capital into the combined business to further
expand Pro-Vac and further strengthen the suite of services that it
provides to its customers.”
“Kinetic represents an opportunity to acquire scaled footholds
in two high-growth regions. We look forward to expanding its
service offerings and accelerating growth within the infrastructure
end market,” said Chris Suen, Managing Director at Gallant.
About Pro-Vac
Founded in 2002 with operations across Colorado, Texas,
Washington and Virginia, Pro-Vac is a leading provider of essential
subsurface infrastructure services. The company’s service offerings
include hydro excavation, stormwater and sewer systems maintenance,
pipeline jetting, pipeline repair / grouting, CCTV pipe
inspections, vacuum sweeping and other specialty services.
Pro-Vac’s customers include contractors, industrial, energy and
utility companies. For more information, please visit:
www.pro-vac.com
About Kinetic
Founded in 2014 and headquartered in Milliken, Colorado, Kinetic
Industry is a leading provider of essential subsurface hydro
excavation, industrial cleaning, and locating services. Kinetic’s
customers include contractors, industrial, energy and utility
companies.
About Gallant Capital Partners
Gallant Capital Partners is a private equity firm that makes
control investments in industrial, business services, and
technology companies. Gallant executes on an operationally focused
investment strategy with a priority on partnering closely with
companies that can benefit from its extensive industry
relationships and operating expertise. The firm partners with
management teams to maximize value and drive long-term, sustainable
growth for its portfolio companies. Gallant Capital Partners was
founded in 2018 and is headquartered in Los Angeles. For more
information, please visit: www.gallantcapital.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240524502586/en/
Media Contact Information: Jamie Kim Gallant Capital
jkim@gallantcapital.com (310) 362 3309