Chicago - Triwater Holdings, a Chicago-based water-treatment and infrastructure company, has made capital investment in two leading specialists of trenchless rehabilitation of water and sewer infrastructure.
Trenchless rehabilitation is a method of repairing undergrdound structures that involves minimal disruption to surface infrastructure.
The two companies - LMK Technologies of Ottawa, Illinois, and Perma-Liner Industries of Clearwater, Florida - develop a range of trenchless equipment, products and technologies used for the repair and rehabilitation of infrastructure using cured-in-place-pipe (CIPP) technology. Polyurethane and polyurea coatings are sometimes used in this approach.
"We are extremely pleased to work with two leaders in the trenchless sewer industry to provide capital and assist with their growth plans," said Mike Reardon, ceo of Triwater Holding.
He added that demand is increasing for trenchless solutions to water and sewer infrastructure problems and that the firm's investment in capital management will "enable these two market leaders to accelerate their growth plans… in North America and around the world."