AQUALIS Acquires Front Range Environmental

Durham, N.C. – AQUALIS, a portfolio company of DFW Capital Partners and the leading national provider of comprehensive water resource management services, today announced it has acquired the assets of Front Range Environmental, LLC. (Front Range; FRE), a post-construction stormwater management company headquartered in McHenry, Ill. This acquisition solidifies AQUALIS’ nationwide leadership position in stormwater management and accelerates our strategic initiative to provide comprehensive stormwater services with broad geographic coverage while creating entry to new geographies, including self-performance capabilities throughout California.

Since 2003, Front Range has remained focused on delivering the value, diligence and responsive service their customers expect in both public and private sectors. With a strong presence throughout the Midwest and Western portions of the United States, AQUALIS will now perform stormwater and lift station services in all 50 states and Puerto Rico.

Richard Matero, CEO of AQUALIS, said, “Front Range is well positioned in the Chicago market and throughout the Midwest and California. This acquisition is an excellent strategic fit for us as it further expands our service delivery footprint to support our existing and new clients for comprehensive stormwater management and compliance needs throughout the United States. Front Range’s employee expertise blends well with AQUALIS’, allowing the company to handle emergency, scheduled and reactive services, provide scheduled maintenance services, assist with local and state regulatory compliance as well as perform highly complex retrofit and rehabilitation projects.”

“This is an exciting acquisition for AQUALIS,” DeVer Warner of DFW Capital Partners stated. “Front Range Environmental’s focus on post-construction stormwater deepens our stormwater reach as we remain focused on broadening AQUALIS’ services in critical watershed areas throughout the U.S.”