May 2013 Tube Products International
15
business & market news
Investments in trenchless rehabilitation
Triwater Holdings, a Chicago-based
water treatment and infrastructure
company backed by Bolder Capital
LLC, has completed growth capital
investments in LMK Technologies and
Perma-Liner Industries, two leading
companies in trenchless rehabilitation
of water and sewer infrastructure.
These two companies provide
an extensive range of trenchless
equipment, products and technologies
used for the repair and rehabilitation of
infrastructure, utilising cured-in-place-
pipe (CIPP) technology.
LMK Technologies, based in Ottawa,
Illinois, USA, is an expert in trenchless
technologies for the renewal of sewer
lateral infrastructure. Founded in
1993, the company 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, Florida, USA, claims to have
North America’s largest distribution
network of plumbing and drain cleaner
contractors for CIPP lateral rehabilitation
and mainline sewer repairs. Established
in 1998, the company 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.”
The two companies, on a combined
basis, provide a 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 a broad
distribution network of installers/
contractors and an extensive range of
intellectual property.
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 knowledge to satisfy their
respective customer requirements under
licensing agreements. The companies
previously announced they had settled
patent litigation that had been pending
between them.
Triwater Holdings
– USA
LMK Technologies
– USA
Perma-Liner Industries
– USA
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Sharon Tube re-enters
DOM industry
As of 1 April 2013, JMC Steel Group’s
DOM product line will be marketed
under the Sharon Tube brand name.
Bill Perrine has been appointed as
president of the new division.
Mr Perrine, a 32-year veteran of
the steel pipe and tube industry,
most recently served as the CEO of
Sharon Tube prior to his retirement in
2007.
“The reinstatement of the Sharon
Tube brand could not have come at
a better time,” said Barry Zekelman,
CEO of JMC Steel Group. “Sharon
Tube has always been the recognised
quality and service leader in the
precision tubing industry. Our top-
of-the-line equipment will allow for
faster order fulfilment as well as the
production of the highest-quality
precision tubing, made to exact
customer tolerances.”
“We are very pleased to welcome Bill
back to the company as president
of our DOM product line,” said Dave
Seeger, president of JMC Steel
Group. “Bill’s extensive experience
will make him an enormous asset
for the division, and I look forward to
working with him to continue to make
our Sharon Tube DOM product line
the best in the industry.”
Sharon Tube Co
– USA
