Cohesant Technologies completes purchase of Triton Insitutech.
Triton, currently based in Orlando, FL, is one of the leading providers of services for the protection and renewal of medium and large diameter water pipes using epoxy and other polymer linings. The Triton SpinCast System is used to rehabilitate aging water, wastewater and other pipelines, including public and private water mains. Currently, the CuraFlo Engineered Flow Lining System and the Raven Engineered System form the technology core of the operations of CIPAR Inc., the company's infrastructure rehabilitation subsidiary. Like the CuraFlo System and the Raven System, the proprietary Triton System combines specially designed equipment with proven processes for the cleaning, preparation and application of polymer linings to damaged pipes.
Triton, which will be known as Triton/ CuraFlo after the acquisition, will become part of the company's CIPAR subsidiary based in Cleveland, OH, and will benefit from a significant marketing relationship with the company's CuraFlo dealer network. Stewart Nance, former president of Raven Lining Systems, will serve as the president of Triton/CuraFlo division and Gary Sorohan, founder and CEO of Triton Insitutech, will serve as its general manager.
"Although this is a small acquisition from a financial perspective, Triton marks an important addition to CIPAR's tool chest," stated Morris Wheeler, chief executive officer of Cohesant. "We now have technologies suitable for the protection and renewal of pipelines of all sizes and also other concrete infrastructure. We can address potable water, wastewater and other applications in both the public and private marketplace. With Gary Sorohan on our team, CIPAR is poised to become a more significant player in all these markets."
"Cohesant purchased CuraFlo last summer for rehabilitating water pipes E-inch to 4-inch I.D. with our proprietary CuraPoxy via a blow-through application process," says Nance. "The Triton acquisition will now allow us to rehab water pipes 4 to 36 inches and higher via the SpinCast System. Raven Lining can rehab water pipes requiring man-entry (greater than I 36 inches) with AquataPoxy using hand spray techniques. This means we now have the full pipe spectrum covered for non-structural water pipe rehabilitation which, I believe, is unique."
Gary Sorohan stated, "Triton has always enjoyed a mutually beneficial relationship with the CuraFlo and Raven divisions of CIPAR. I am excited to become part of the Cohesant team and with its additional resources take advantage of the many opportunities before us."
Cohesant Technologies, based in Indianapolis, IN, is engaged in the protection and renewal of drinking water distribution systems and wastewater collection systems for municipal, industrial, commercial and residential infrastructure, the design, development, manufacture and sale of specialized dispense equipment systems, replacement parts and supplies used in the operation of the equipment and the design, development, manufacture and sale of specialty coatings. The company markets its products under numerous trade names including: AquataPoxy, CuraFlo, CuraPoxy, GlasCraft, Guardian, Probler, Raven and Triton/CuraFlo.
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|Title Annotation:||Rehabilitation TECHNOLOGY: NEWS|
|Article Type:||Company overview|
|Date:||Dec 1, 2006|
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