Chicago, IL – Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised Wachs Valve and Hydrant Services, LLC ("Wachs Water Services") on its acquisition by Pure Technologies Ltd. Capstone Partners acted as financial advisor to Wachs Water Services.
Headquartered in Buffalo Grove, Illinois, Wachs Water Services is a leading provider of flow control maintenance and support, leak detection and related asset management services to the water sector in the United States. Wachs Water's roots reach back 132 years; the company was formed from the E.H. Wachs Company, which was founded in 1883. Wachs Water Services was founded in 2000, as a service company focused on helping water utilities to improve control of their aging distribution networks.
Headquartered in Calgary, Alberta, Canada, Pure Technologies Ltd. is an international asset management, technology and services company which has developed patented technologies for inspection, monitoring and management of critical infrastructure around the world.