Platform Partners Completes the Sale of the Vortex Companies to Quad-C Management
HOUSTON, Sept. 18, 2023 /PRNewswire/ -- Platform Partners, LLC ("Platform"), a private investment firm based in Houston, Texas, announced it has completed the sale of the Vortex Companies, LLC ("Vortex") to funds managed by Quad-C Management, LLC. Headquartered in Houston, Texas, Vortex is a global provider of trenchless infrastructure rehabilitation products and services.
"Vortex has been a model example of Platform's investment strategy, which is to partner with entrepreneurial management teams across all aspects of a business to drive growth and create lasting value for all stakeholders," said Brad Morgan, President of Platform Partners. "Mike Vellano, Vortex's co-founder and CEO, built a best-in-class global business that has redefined the way business gets done in its industry. We want to thank Mr. Vellano and the entire management team for their efforts in growing the company over the last six years."
Since Platform invested in Vortex, the business has more than quadrupled in size through a combination of organic growth and the strategic acquisition of several regional service businesses and industry-leading technoloy companies. Consistent with Mr. Vellano's vision, Vortex successfully aligned and grew its products and services divisions, expanded into Europe, and created strategic alliances with complementary businesses in several countries, significantly increasing sales and distribution channels.
"It's been an honor to have had Platform as our partner. I value the insight and support we received to help us get to where we are today," added Mike Vellano. "I believe much of our growth and success came from the common ground we shared when it came to investing in our people, quality businesses and our shared focus on safety and service."
About Platform Partners, LLC
About Vortex Companies
Operating globally, Vortex is focused on providing customers a broad range of industry leading, cost-effective trenchless solutions and technical expertise, best suited for their project needs.
For more information, go to vortexcompanies.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/platform-partners-completes-the-sale-of-the-vortex-companies-to-quad-c-management-301928935.html
SOURCE Platform Partners LLC
Continental Breakfast Served - For Diamond, Enterprise, Platinum, Super Pass, Exhibitor/Conference, Speaker, Press Pass Holders
Metaverse / Emerging Technologies