Kobus Continues Global Operations After Acquisition by Dresser Utility Solutions
Deal News | Apr 04, 2025 | Troutman Pepper Locke, LLP
Troutman Pepper Locke, LLP, acted as the legal advisor for Agile Growth Equity, LLC, in the sale of Kobus Inc. and Kobus Services Limited to Dresser Utility Solutions. Kobus, recognized globally for its pioneering gas and water pipe pulling technology, will remain operational in its existing locations in Houston, U.S., and Tamworth, U.K. This move aims to enhance Dresser's service offerings in addressing aging utility infrastructures, notably the removal of lead service lines in the U.S. The legal team from Troutman, known for managing strategic transactions across numerous sectors, was spearheaded by Jennie Simmons and Ashley Lopez. Troutman's extensive expertise in mergers, acquisitions, and corporate transactions underscores their role in facilitating this deal.
Sectors
- Utilities
- Legal Services
Geography
- United States – Kobus operates in Houston, and there's mention of the U.S. infrastructure needs.
- United Kingdom – Kobus also operates in Tamworth, UK, indicating significant operations in this region.
Industry
- Utilities – Kobus is a leader in gas and water pipe pulling technology, relevant to utilities managing aging infrastructure.
- Legal Services – Troutman Pepper Locke's role as the legal advisor highlights the importance of legal services in corporate transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kobus Inc. | Target Company | Company | A leader in gas and water pipe pulling technology, acquired by Dresser Utility Solutions. |
| Agile Growth Equity, LLC | Selling Company (Vendor) | Company | The private equity firm that sold its stake in Kobus to Dresser Utility Solutions. |
| Dresser Utility Solutions | Bidding Company (Buyer) | Company | A portfolio company of First Reserve that acquired Kobus to enhance its utility infrastructure solutions. |
| First Reserve | Parent Company | Company | The private equity firm backing Dresser Utility Solutions. |
| Troutman Pepper Locke, LLP | Legal Advisor | Company | Provided legal counsel to Agile Growth Equity in the transaction. |