Charlottesville, Va.-based private equity firm Quad-C Management Inc. has closed on an investment in Vortex Cos., a Houston-based supplier of trenchless infrastructure products and services in the United States and Europe.
Formed in 2015, Vortex serves municipal, industrial and commercial markets with pipe, manhole lining systems, resins, epoxies, contracting services and training.
Vortex operates in two divisions: Vortex Products, which manufactures the resins, geopolymers, hybrid mortars and polymerics in Sandy, Utah, and offers sewer robotics, monitoring technology and installation equipment from Greenville, S.C.; and Vortex Services, which has 12 sites in the U.S. and Europe.
Also, in July, the Vortex Tap Cutting Institute opened at the Greenville facility to teach individuals how to cut taps without the risk of damaging pipe or liners during sewer rehabilitation work.
Vortex is currently led by its co-founder and CEO, Mike Vellano, who will continue in that capacity.
"We are excited to partner with Quad-C to accelerate our growth at Vortex," Vellano said in a news release. "We have been seeking a partner with a similar mindset and history of working with companies on an ambitious expansion path."
No terms of the investment were disclosed.
Founded in 1989, Quad-C has invested $4.3 billion of capital in 82 platform companies in the last 30 years. The middle market private equity firm is focused on specialty distribution, industrials, transportation, logistics, business and consumer services, health care, food and beverage, and consumer products.