O2 Invests in Vessco

O2 Invests in Vessco

O2 Investment Partners has acquired Vessco in partnership with members of the company’s management team.

Vessco is a water treatment company providing value-added distribution of parts and equipment as wells as engineering support services for municipal and industrial water and wastewater treatment projects, primarily in the upper Midwest and central United States. The company’s water treatment services include initial consultation and design, installation assistance, field service and parts delivery.

Vessco, founded in 1983, is led by CEO Dick Corbett and President Brian DeWolf. The company is headquartered near Minneapolis in Chanhassen, MN with additional offices in Ames and Council Bluffs, IA, and Independence, MO (www.vessco.com).

“Our company is in a tremendous position to scale, and we’re confident O2 is the right partner to help support us in achieving our goals for the future. We look forward to an incredible partnership with O2,” said Mr. DeWolf.

“Dick Corbett and Brian DeWolf have built Vessco into the leading supplier of water and wastewater treatment technology in the Midwest,” said Pat Corden, a Vice President at O2 Investment Partners. “We are thrilled to partner with them and look forward to supporting them as they continue to build on the company’s impressive history.”

O2 makes control investments of $5 million to $75 million in companies with EBITDAs from $2 million to $10 million located anywhere in the US and Canada but has a preference for the Midwest and the Great Lakes regions. Sectors of interest include niche manufacturing, niche distribution, select service businesses, and certain technology businesses. In October 2017, the firm held a final closing of its Oxygen Fund with an above-target $100 million of capital commitments.

O2, based in the Detroit suburb of Bloomfield Hills, is backed by the Orley family which has been investing in operating businesses and real estate since 1950 (www.o2investment.com).

© 2018 Private Equity Professional | November 14, 2018

To search in site, type your keyword and hit enter