AQUALIS Acquires Innovative Vacuum Services

Durham, N.C. – AQUALIS, a portfolio company of DFW Capital Partners and the leading national provider in comprehensive water management services, today announced it has acquired the assets of Innovative Vacuum Services (Innovac), an experienced stormwater and emergency response organization offering vactor and jetting, CCTV inspections and commercial HVAC air duct cleaning.

The acquisition of Innovac strengthens AQUALIS’ strategy to provide comprehensive water management services nationwide, furthering its geographic support across the United States. AQUALIS currently services the entire continental United States and Puerto Rico. This acquirement deepens AQUALIS’ service delivery assets of vactor, jetting and CCTV inspections.

Richard Matero, CEO of AQUALIS, said, “This acquisition was an ideal fit for AQUALIS. Innovac is a steadfast and innovative organization providing focused services in the stormwater and construction industries. We have a strong presence in the Pacific Northwest, and the Innovac acquisition allows AQUALIS to further expand our services and capabilities in the market.”

“Through this acquisition, we are positioning Innovac on a broader growth path for years to come,” said Larry Prein, President of Innovac. “Innovac brings a deep level of operating expertise and a successful track record of customer satisfaction. AQUALIS is the ideal partner to enable us to best serve our customers and accelerate growth of the business.”

“We are excited about this acquisition for AQUALIS,” DeVer Warner of DFW Capital Partners stated. “Our growth over the last year has greatly deepened our reach and we remain focused on broadening AQUALIS’ services in critical watershed areas throughout the U.S.”

About AQUALIS

AQUALIS is a leading nationwide provider of commercial, retail, industrial and governmental post-construction stormwater management and lift station services through consulting, inspection, maintenance and repair. AQUALIS caters to national retailers, logistics providers, engineering firms, hospitals, military and industrial facilities, real estate management companies, distribution centers, national and multi-state organizations, individual and commercial property owners, airports and universities. For more information, visit www.aqualisco.com.