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Services :: Financial

US Water Services acquires water treatment firm in Texas

3:52 PM MST | February 5, 2014 | Vincent Valk

US Water Services (St. Michael, MN) has acquired ChemCal (Grapevine, TX), an industrial water treatment firm, for an undisclosed amount, the company says. ChemCal focuses in the oilfield and manufacturing sectors and has $25 million/year in revenues. The deal is US Water’s largest acquisition to date, says Paul Turgeon, partner with Excellere Partners (Denver), a private equity firm with a large stake in US Water. The acquisition gives US Water Services a fully national footprint and expands its presence in the fast-growing oil and gas treatment...

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