Elgin, IL – Duke’s Root Control, Inc. (Duke’s) today announced the acquisition of Hydrostructures, P.A., a leading regional sewer service provider in the Mid-Atlantic region, with offices in North Carolina, South Carolina, and Virginia. This acquisition will expand Duke’s service offering by adding new capabilities and expertise, broadening its regional presence, and further developing key accounts. Duke’s, a leading national sewer service provider, is a portfolio company of Altamont Capital Partners.
“The acquisition of Hydrostructures accelerates the Duke’s360 smart wastewater strategy, which helps our valued customers triage, diagnose, renew and monitor their water, sewer and stormwater systems,” said Duke’sPresident & CEO Matt Fishbune. “We continue to focus on becoming digital integrators, leveraging the data and turning it into actionable information for proactive identification of costly system inflow and infiltration, overflows and blockages, all through innovative technology solutions.”
The entire Hydrostructures staff was retained in this acquisition and will continue to operate out of its locations in North Carolina, South Carolina, and Virginia, with additional support coming from Duke’s headquarters in Illinois and satellite locations across the country.
“Hydrostructures’ field services and engineering capabilities will complement Duke’s existing service offerings and fit strategically within the company’s plans for long-term growth,” said Hydrostructures President Michael Koonce. “The combination of the two firms results in a stronger business, and we are excited to be part of the team to continue positioning Duke’s for the future.”
About Duke’s Root Control, Inc.
Duke’s is a leading, national service provider, having been in the sewer business for over 80 years, and 40 plus years doing chemical root control. Today, Duke’s continues to build on its innovative culture with a range of expanded technology solutions that transition clients’ operations and maintenance programs from reactive to proactive by identifying and pinpointing critical defects and capacity problems, and ultimately prolonging the life of existing infrastructure assets.
About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $3.5 billion of assets under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, financial services, healthcare, consumer/retail, and industrials.