Vortex acquires Foraction to expand trenchless solutions in North America
Vortex Companies on Friday announced its acquisition of Foraction, a trenchless watermain rehab contractor based in Canada. Vortex, a leader in trenchless infrastructure solutions, is continuing an aggressive growth strategy to expand its global presence and portfolio of solutions.
Based in the south shore of Montreal, Foraction has earned a strong reputation for its advanced technologies and industry-leading installation practices.
"Foraction clearly understands and excels in this space. They use premium, NSF/ANSI 61 certified water lining materials, most of which are manufactured and supplied by United Felts and have developed a repeatable installation process that distinguishes itself from its competitors," said Mike Vellano, CEO of Vortex Companies. "This represents a strategic addition to our rapidly growing Vortex Water division, enabling us to offer an even more comprehensive suite of NSF-certified materials, innovative installation technologies, and unmatched expertise."
Founded in 1996 as a horizontal drilling contractor, Foraction became a CIPP Corp. licensee in 2017 and quickly rose to prominence in the trenchless sector. In 2019, the company acquired the assets of AquaRehab and shifted its focus to trenchless watermain rehabilitation. Since then, Foraction has rehabilitated roughly 1 million feet of water pipelines across Canada and the U.S. "We would like to thank the Phaneuf family for placing their trust in Vortex to carry on their legacy of excellence in this critical segment of the rehabilitation market."
Effective immediately the company will operate under the new name of Vortex Infrastructure Services Inc. / Services d'infrastructures Vortex Inc. Jean-Philippe Bédard, formerly Foraction's Director of Rehabilitation, will assume the role of CEO. "This is an exciting day for us," said Bédard. "We're eager to combine our system design and installation expertise with the extensive resources Vortex brings to the table. Together, we'll be able to expand our installation teams and take on more projects throughout the Americas in a market that is in urgent need of qualified contractors and approved installation technologies."
"The acquisition of Foraction significantly enhances our ability to serve the potable water market—not just geographically, but also through the strength of its personnel, which may be its greatest asset," added Cedric Bergeron, Senior Vice President of Vortex Water. "Watermain rehabilitation requires a specialized skillset, and this team is the best in the business."
Financial details of the transaction were not disclosed.
Related News
From Archive
- Intrepid Fiber breaks ground on fiber optic network in Superior, Colo.
- Excavator collides with I-95 overpass in Henrico, Va., causing multi-vehicle crash
- Shrewsbury, Mass., expands sewer inspections and cleaning efforts
- Authorities investigating trench collapse that killed worker in Ashburn, Va.
- Worm-like robot burrows underground to cut power line installation costs
- Maryland lawmakers push to curb BGE pipeline spending, citing safety and cost concerns
- Illinois overhauls Peoples Gas pipeline program, mandates focus on high-risk pipes
- Ameren Illinois to invest $140 million in natural gas pipeline replacement program
- Charlottesville, Va., to begin work on 24-inch water line for Rivanna River crossing
- Mass. governor slams Trump for ‘dangerous delay’ of $50 million in lead pipe replacement funds
Comments