NorthCurrent Partners Acquires Tri-State Water, Power & Air

Vortex Companies Acquires Tri-State Utilities and Pipe Vision from National Underground Group

December 13, 2024

Industrial Services

Vortex Companies, LLC has acquired Tri-State Utilities and Pipe Vision from National Underground Group, a portfolio company of ORIX Capital Partners. The Virginia-based businesses provide trenchless pipeline rehabilitation, pipe cleaning and inspection services and will expand Vortex's capabilities and geographic footprint across the Mid-Atlantic and Southeastern United States. Financial terms were not disclosed.

TriState (CIC Portfolio Company) Acquires Saltwater Disposal Assets from Pilot Water Solutions

November 17, 2022

Oil & Gas

Tri-State Vacuum and Rental, LLC, a CIC Partners portfolio company, acquired certain saltwater disposal wells and associated equipment from Pilot Water Solutions SWD LLC, expanding its disposal capacity in the Haynesville Shale. The deal strengthens TriState's position in regional water management and logistics, supporting continued market share growth amid rising Haynesville production.

NorthCurrent Partners Acquires Certified Climate Control

March 24, 2022

HVAC & Mechanical

NorthCurrent Partners, the private investment arm of a family office, has acquired Certified Climate Control (CCC), a residential HVAC installer and service provider headquartered in Orange City, Florida. The founder, David Hill, worked with NorthCurrent on a swift close and will see the company supported with further investment to accelerate growth in Central Florida while preserving its culture.

Daikin Applied Americas Acquires ThermalNetics and TriState HVAC Equipment

January 12, 2022

HVAC & Mechanical

Daikin Applied Americas has made majority investments in two of its regional equipment, services and parts representatives: Detroit-based ThermalNetics and Philadelphia-area TriState HVAC Equipment. The acquisitions expand Daikin’s local service, parts and representation capabilities to improve lifecycle support, digital connectivity and indoor air quality solutions for commercial and residential customers.

NorthCurrent Partners Acquires Belle Air

July 22, 2021

HVAC & Mechanical

NorthCurrent Partners, a New York-based private investment firm backed by family office capital, has acquired Belle Air, an Orlando-based residential HVAC services provider founded in 2010 by Luis and Maritza Burbano. NorthCurrent will appoint operating partner Jason Wall as President of Belle Air and its managing partners will join the board to pursue geographic expansion and additional acquisitions in the residential services/HVAC space.

CIC Partners Makes Growth Capital Investment in Tri-State Holdings LLC

October 27, 2020

Oil & Gas

Dallas-based private equity firm CIC Partners has made a growth capital investment in Tri-State Holdings LLC, a Joaquin, Texas-based provider of water transportation and disposal services to oil and gas producers in the Haynesville Shale. The capital will enable Tri-State to expand its disposal services and follow-on growth, and Tri-State concurrently acquired saltwater disposal assets from Key Energy Services as part of its service expansion.