CITCO Water announces partnership with Trivest
(UI) — CITCO Water has partnered with Trivest Partners, a Miami-based private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the U.S. and Canada.
Founded in 1931 and based in Lexington, KY, CITCO Water is a value-added distributor of a diverse mix of water and wastewater chemical solutions, smart meters, integrated technology, hardware (pipes, valves, fittings), outsourced inventory management, and repair solutions.
The company provides an end-to-end solution for critical municipal water and wastewater needs and maintains a unique mix of recession resistant infrastructure repair, replacement, and upgrade products combined with mission critical water treatment chemicals and related technical expertise.
The company serves over 1,500 municipal and contractor customers through 10 strategically located facilities across Kentucky, West Virginia, Ohio, Pennsylvania, and Tennessee.
“The company’s end-to-end water and wastewater solutions will allow CITCO Water to capitalize on the secular growth in waterworks infrastructure repair and retrofit needs,” Frank Hapak, Principal at Trivest. “We look forward to partnering with the CITCO Water team to execute multiple identified organic growth initiatives and pursue strategic add-on acquisitions in the waterworks industry.”
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