Vortex Companies, LLC

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Vortex Companies, LLC - overview

Established

2017

Location

Houston, TX, US

Primary Industry

Power & Utilities

About

Vortex Companies specializes in advanced trenchless technology solutions for water and sewer infrastructure rehabilitation, providing services that minimize disruption to urban environments. Founded in 2017 in Houston, US, Vortex Companies, LLC focuses on trenchless technology. The company was co-founded by Michael Vellano and Nick Banchetti, with Michael Vellano serving as the CEO. Vortex has successfully completed 2 deals, the most recent on September 15, 2023, when Quad-C acquired the company from Platform Partners as part of a recapitalization effort.


Vortex Companies specializes in advanced trenchless technologies aimed at rehabilitating and installing water and sewer infrastructure with minimal disruption. Their core offerings include Cured-In-Place Pipe (CIPP) lining services that restore the structural integrity of existing pipes without the need for extensive excavation. These services are effective for gravity sewer systems, pressure lines, and watermain renewals, catering to various diameters ranging from 36 inches and up. Additionally, Vortex provides geopolymer lining services utilizing their proprietary GeoKrete® material, which offers enhanced corrosion resistance.


The company serves a diverse clientele, including municipalities, industrial sectors, and contractors across North America, focusing on urban areas where traditional methods would be cost-prohibitive or disruptive. Their trenchless solutions extend into specialized applications, such as restoring vertical stack and vent lines in commercial buildings, demonstrating their versatile approach to infrastructure challenges. Vortex Companies generates revenue through a combination of direct service contracts and partnerships within national procurement networks, facilitating trenchless rehabilitation services for various municipalities and industrial clients. The company operates primarily on a project basis, engaging clients for specific rehabilitation tasks, including pipe replacements and structural restorations.


Transactions typically involve detailed project proposals outlining the scope of work, timelines, and associated costs for each service provided, including their flagship CIPP lining and geopolymer solutions. Given the nature of infrastructure projects, these contracts are substantial and can span multiple years, solidifying long-term relationships with key customers in the public and private sectors. Following the acquisition on September 15, 2023, the new ownership by Quad-C aims to accelerate Vortex's growth. The company is focused on expanding its service offerings and exploring opportunities to enter new geographic markets.


Specific target markets for expansion have not been disclosed, but the company plans to leverage recent funding to support these initiatives, enhancing their capabilities and reach within the trenchless technology sector.


Current Investors

Platform Partners

Primary Industry

Power & Utilities

Sub Industries

Water & Sewer Utilities, Construction, Paints & Coatings, Adhesives & Sealants

Website

www.vortexcompanies.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Vortex Companies, LLC - 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)
Add-onCompletedPrimeLine Products, Inc.-
Add-onCompletedForaction-
Add-onCompletedPrism Contractors & Engineers, Inc.-
Add-onCompletedMcAllister Group-
Add-onCompletedSancon Technologies, Inc.-

Displaying 1 - 5 of 15

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.