This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Triwater Holdings Announces Investments In Two Leading Trenchless Rehabilitation Companies

CHICAGO, Jan.  28, 2013 /PRNewswire/ --  Triwater Holdings, a Chicago-based water treatment and infrastructure company backed by Bolder Capital LLC, announced today that it had completed growth capital investments in LMK Technologies and Perma-Liner Industries, the two market leading companies for trenchless rehabilitation of water and sewer infrastructure. 

These two companies provide the industry's most extensive range of trenchless equipment, products and technologies used for the repair and rehabilitation of infrastructure utilizing "cured-in-place-pipe" ("CIPP") technology. 

LMK Technologies, based in Ottawa, Ill., is recognized by many municipalities and engineering firms as an innovative leader for trenchless technologies for the renewal of sewer lateral infrastructure.  Founded in 1993 by Larry Kiest Jr., LMK holds more than 90 issued national and international patents and has authored two specific ASTM standards (ASTM F2561-11 and ASTM 2599-11) for its advancements in trenchless pipe and sewer repair. 

Perma-Liner Industries, based in Clearwater, Fla., has North America's largest distribution network of plumbing and drain cleaner contractors for CIPP lateral rehabilitation and mainline sewer repairs. Established in 1998 by Jerry D'Hulster, Perma-Liner has significant intellectual property assets and more than 1,000 certified installers of its technology with a strong international distribution network.

"We are extremely pleased to work with the two leaders in the trenchless sewer industry to provide capital and assist with their growth plans," said Mike Reardon, Chairman and Chief Executive Officer of Triwater Holdings. "Demand is increasing for trenchless solutions to the world's rapidly deteriorating water and sewer infrastructure problems. These solutions require creativity and reliable access to innovative technology. Our investment in capital and management will enable these two market leaders to accelerate their growth plans to provide more of their proprietary solutions to more customers in North America and around the world."

These two companies, on a combined basis, comprise the most comprehensive array of products and technology in the trenchless industry covering everything from laterals and manhole rehabilitation, to mainline sewer repair and proprietary gasket seals. They also have the industry's broadest distribution network of installers/contractors and the most extensive array of intellectual property, providing the most innovative "no-dig" solutions. The companies will continue to operate independently, to address the specific needs of their respective customer bases, market channels and individual growth plans. However, the companies may share certain intellectual property assets and "know how" to satisfy their respective customer requirements under licensing agreements.

The companies previously announced they had settled patent litigation that had been pending between them.    

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.69 -0.59%
FB $119.49 1.40%
GOOG $711.11 1.40%
TSLA $214.84 1.60%
YHOO $37.23 0.79%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs