Azuria Water Solutions Expands with Performance Pipeline Acquisition
Deal News | Nov 18, 2024 | Globenewswire
Azuria Water Solutions, a leader in technology-enabled water solutions, has announced the acquisition of Performance Pipeline Technologies, Inc. The acquisition enhances Azuria's capacity in pipeline services, building on its commitment to innovative water industry solutions. Performance Pipeline Technologies, based in Huntington Beach, California, specializes in trenchless rehabilitation for various pipelines and offers services such as sewer and storm drain maintenance, odor and grease control, and utility location. The acquisition was announced on November 18, 2024. Despite the acquisition, Performance Pipeline Technologies' operations and leadership, including founders Gene and Carol Glassburner and Jason Gomez, will remain in place, ensuring business continuity and service quality. Azuria, founded in 1971, continues to position itself as a leader in sustainable water pipeline infrastructure solutions.
Sectors
- Water Infrastructure
- Pipeline Services
Geography
- United States – Both Azuria Water Solutions and Performance Pipeline Technologies operate within the United States, with the latter focusing on Southern California.
- Southern California – Specific region where Performance Pipeline Technologies provides its services and where its facilities are located.
Industry
- Water Infrastructure – Involves the maintenance and rehabilitation of water pipelines, which is key to the article as Azuria specializes in water solutions.
- Pipeline Services – Relevant due to Performance Pipeline Technologies offering trenchless pipeline rehabilitation and other related services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Azuria Water Solutions | Bidding Company | Company | A leading provider of technology-enabled water solutions, known for its sustainable products and technologies. |
| Performance Pipeline Technologies, Inc. | Target Company | Company | A pipeline service provider focusing on trenchless rehabilitation of sewer, storm drain, and potable water pipelines. |
| Gene Glassburner | Leadership | Person | Co-founder of Performance Pipeline Technologies, will remain in a leadership role post-acquisition. |
| Carol Glassburner | Leadership | Person | Co-founder of Performance Pipeline Technologies, will remain involved through the transition. |
| Jason Gomez | Leadership | Person | Co-founder of Performance Pipeline Technologies, will stay on as a leader within Azuria. |