Vessco Water

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Vessco Water - overview

Established

2018

Location

Chanhassen, -, US

Primary Industry

Power & Utilities

About

Vessco, Inc. , based in the US, specializes in delivering a wide array of water treatment equipment and services for municipal and industrial sectors, aiming to enhance water quality and operational efficiency. Founded in 1983, Vessco, Inc. provides comprehensive water treatment solutions.


The company operates from its headquarters in the United States and has been involved in three different deals, with its most recent deal occurring on September 9, 2024. Dick Corbett serves as the CEO. Vessco, Inc. specializes in providing a comprehensive range of water treatment equipment and services tailored for municipal and industrial applications.


Their core offerings encompass advanced filtration systems, chemical dosing pumps, wastewater treatment solutions, and specialized equipment designed to enhance water quality and operational efficiency. These products are engineered to tackle a variety of end-use cases, including the treatment of drinking water, wastewater management, and industrial process water purification. With over 45 years of industry experience, Vessco serves a diverse customer base across the states of Minnesota, North Dakota, South Dakota, Iowa, and Nebraska, ensuring compliance with local regulations and meeting the specific needs of their clients. Their solutions are utilized by municipalities, industrial plants, and various sectors requiring reliable water treatment services.


Vessco, Inc. operates primarily on a B2B transaction model, engaging directly with municipal and industrial clients for their water treatment needs. The company generates revenue through the sale of equipment and ongoing service contracts, which may include maintenance, parts supply, and technical support. Their flagship products, including sophisticated water filtration systems and chemical dosing units, are structured around competitive pricing plans tailored to the size and complexity of the project.


Service agreements can vary in duration and scope, allowing for customized solutions to meet the specific demands of their clients. Vessco's revenue streams are built around long-term partnerships with customers who rely on consistent access to quality water treatment solutions in their operations. In September 2024, Vessco, Inc. was transitioned from Gryphon Partners VI to Gryphon Investors Continuation Fund.


The company is focused on developing new products and expanding its geographical presence. Specific upcoming product launches are being designed to enhance existing lines, although release dates have not been disclosed. Future plans include targeting additional markets across the Midwest region of the United States, aiming for expansion by the end of 2025. The recent funding will support these initiatives, although financial terms were not disclosed.


Current Investors

Gryphon Investors

Primary Industry

Power & Utilities

Sub Industries

Water & Sewer Utilities, Pollution Control

Website

www.vesscowater.com/

Verticals

Infrastructure

Company Stage

Mature

Total Amount Raised

Subscriber access only

Vessco Water - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedVessco Water-
Add-onCompletedFleet Pump & Service Group, Inc.-
Add-onCompletedG.A. Fleet Associates, Inc.-
Secondary BuyoutCompletedVessco Water-
Add-onCompletedDorner Products, Inc.-

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