AQUALIS Acquires Northern Pipe, Inc.

DURHAM, N.C. – AQUALIS, a portfolio company of DFW Capital Partners and the leading national provider of sustainable water management services, today announced it has acquired the assets of Northern Pipe, Inc., a wastewater and stormwater collection services and hydro-excavation company headquartered in Green Bay, Wis.

Northern Pipe specializes in industrial vacuumation, televising and inspection services as well as pipeline repair and rehabilitation. The acquisition of Northern Pipe supports AQUALIS’ strategy to provide consistent and accessible sustainable water management services throughout the United States.

Richard Matero, CEO of AQUALIS, said, “We are excited to be expanding our capabilities in the Midwest where we have a dense customer portfolio. Northern Pipe has had immense success in expanding their service offerings and geographical coverage over the last few years. This acquisition complements our existing service lines while enhancing our vac and jetting, hydro-excavation and CCTV self-performed services in this region. It also allows us to cater to our clients’ needs in a more efficient and cost-effective manner.”

“Northern Pipe is thrilled to officially join the AQUALIS team and look forward to continuing our promise of quality service and superior customer experience with our existing customer base and that of AQUALIS’,” said Tim Potts, President of Northern Pipe Group. “Northern Pipe has had great success in building out our client portfolio while elevating our performance, allowing us to be the premier provider in this area.”

AQUALIS currently operates across the continental United States and Puerto Rico. This transaction further supports AQUALIS’ existing presence across Northern Pipe’s footprint, providing additional service delivery depth and further strengthening its best-in-class service model.

DeVer Warner of DFW Capital Partners added, “We are excited to welcome Northern Pipe to AQUALIS, further enhancing our competitive advantage for both company’s clients. Northern Pipe’s core offerings are ideally aligned with those of AQUALIS’, and this transaction strengthens AQUALIS’ commitment to remaining the leading provider of sustainable water management services throughout the U.S.”

About AQUALIS

AQUALIS is the nationwide leading sustainable water management provider of stormwater, wastewater, water quality testing and engineering services to commercial, retail, industrial, institutional and residential markets through consulting, engineering, inspection, maintenance, repair and rehabilitation services. Headquartered in Durham, N.C., AQUALIS operates throughout the United States and Puerto Rico and is focused on its Mission – to inspire change by preserving and protecting our most precious natural resource: water. For more information, visit www.aqualisco.com