Dresser Utility Solutions Acquires Kobus for Advancing Infrastructure Repair
Deal News | Apr 01, 2025 | EIN
Dresser Utility Solutions, a portfolio company of First Reserve, has acquired Kobus, a leader in gas and water pipe pulling technology. This acquisition aims to enhance Dresser's capability in offering advanced solutions for aging utility infrastructures, particularly in addressing the federally mandated removal of lead service lines across the U.S. Kobus' Pipe Puller technology is recognized for its efficiency and cost-effectiveness in pipe replacement, adding to Dresser's mission to provide safe, reliable infrastructure technologies globally. This strategic move is set to expand the reach of both companies' innovative offerings in the utility sector. Notably, First Reserve is a private equity firm specializing in diversified energy and industrial markets, while Agile Growth Equity, a firm focusing on innovative lower middle market B2B companies, was the previous owner of Kobus.
Sectors
- Utility Infrastructure
- Private Equity & Investment
- Technology & Innovation
Geography
- United States – Dresser Utility Solutions is headquartered in Houston, TX, and the acquisition addresses infrastructure needs primarily within the U.S.
- United Kingdom – Kobus operates a location in Tamworth, U.K., emphasizing the international aspect of the acquisition.
Industry
- Utility Infrastructure – The article discusses advancements in technology related to the maintenance and repair of utility infrastructure, specifically in water and gas sectors.
- Private Equity & Investment – The acquisition involves First Reserve, a private equity firm, highlighting the role of financial investment in industrial expansion and development.
- Technology & Innovation – Kobus' pipe pulling technology represents advancements in cost-effective and efficient infrastructure solutions, making technology a key focus.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dresser Utility Solutions | Acquirer | Company | A provider of global infrastructure technology to water and gas utility and industrial customers. |
| Kobus | Target | Company | A global leader in gas and water pipe pulling technology. |
| First Reserve | Private Equity Owner of Acquirer | Company | A leading global private equity firm focused on energy, utility, and industrial markets. |
| Agile Growth Equity | Former Private Equity Owner of Target | Company | A growth-oriented private equity firm focused on innovative B2B companies. |
| David Evans | CEO of Dresser Utility Solutions | Person | Leading the strategic direction and operational execution at Dresser Utility Solutions. |
| Tom Atienza | President of Kobus | Person | Overseeing operations and strategic developments at Kobus. |