Commercial Energy Specialists Holdings Acquires Knorr Systems, Inc.

Turning Basin Capital and Vigeo Investments Invest in Commercial Energy Specialists

June 18, 2021

Environmental Services

Turning Basin Capital and Vigeo Investments completed an investment in Commercial Energy Specialists (CES), a Jupiter, Florida-based provider of service-supported distribution and water quality management solutions. The firms are partnering with CES management—led by CEO Alvaro Mendoza, who remains a significant owner—to scale the business nationally as a platform for consolidation in the commercial water quality market; terms were not disclosed and BankUnited provided senior debt financing.

LNC Partners Invests in Commercial Energy Specialists

December 14, 2021

Industrial Services

LNC Partners provided senior debt and equity to Commercial Energy Specialists (CES), a Jupiter, Florida-based, tech-enabled, service-supported distributor of water treatment equipment and supplies backed by Turning Basin Capital and Vigeo Investments. The capital package is intended to support CES’s acquisitive growth strategy and enable add-on acquisitions by the platform.

Commercial Energy Specialists Holdings Acquires Duffield Aquatics, Inc.

December 16, 2021

Environmental Services

Commercial Energy Specialists Holdings LLC (CES Holdings), a platform backed by Turning Basin Capital Partners and Vigeo Investments, acquired Duffield Aquatics, Inc., a full-service provider of water treatment programs for commercial and institutional pools based in Anderson, South Carolina. The add-on expands CES Holdings' geographic footprint and strengthens its market position across the Southeastern United States; terms were not disclosed and the deal closed January 14, 2022.

Aquafinity (Turning Basin-backed) Acquires Aquatic Environmental Systems

September 28, 2023

Environmental Services

Commercial Energy Specialists Holdings LLC (dba Aquafinity), a Turning Basin Capital and Vigeo Investments-backed platform, has acquired Aquatic Environmental Systems, Inc. (AES), a Tempe, Arizona-based provider of full-service water treatment solutions for commercial and institutional swimming pools in Arizona, New Mexico and west Texas. The add-on deal, which closed June 30, 2023, expands Aquafinity’s geographic presence in the Southwest; terms were not disclosed.

Kissner Group Holdings Acquires NSC Minerals Ltd.

January 16, 2019

Manufacturing

Kissner Group Holdings LP, a North American salt producer platform backed by Metalmark Capital and partners, has acquired NSC Minerals Ltd. from Altas Partners and The Stephens Group. The add-on deal (closed January 16, 2019) expands Kissner's geographic footprint into Western Canada and broadens its product mix with NSC's salt and calcium chloride capabilities.

Integrated Water Services Acquires KLa Systems, Inc.

December 14, 2023

Environmental Services

Integrated Water Services, Inc. (IWS), a Sciens Water-backed provider of water and wastewater treatment solutions, has acquired KLa Systems, Inc., a manufacturer of jet aeration and jet mixing technology headquartered in Assonet, Massachusetts. The acquisition expands IWS’s treatment technology capabilities and production of wastewater reuse solutions, enabling a more integrated offering for industrial manufacturers, water utilities, and municipalities.