Vortex Companies Acquires Tri-State Utilities and Pipe Vision from National Underground Group
December 13, 2024
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.
- Buyers
- Vortex Companies, LLC
- Targets
- Tri-State Utilities, Pipe Vision
- Sellers
- National Underground Group, Inc., ORIX Capital Partners
- Industry
- Industrial Services
- Location
- Virginia, United States
- Transaction Type
- Buyout
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