CenterOak Partners Acquires HK Solutions Group
July 14, 2021
HK Solutions Group
Headquarters
Des Moines, IA
Sector
Business Services
Website
Transaction Type
Closely Held
Status
Active
Description
HK Solutions provides water and wastewater infrastructure inspection, cleaning, and repair services, as well as industrial services and wastewater treatment, to customers predominantly in Midwestern states. HK Solutions’ diverse set of service offerings are designed to support the ongoing maintenance needs of existing public and private infrastructure, including sewer lines, manholes, stormwater systems, large diameter pipe, and industrial facilities. With an extensive fleet of vacuum trucks, pipe inspection units, and hydroblasting equipment, HK Solutions differentiates itself based on its breadth of services and highly skilled workforce serving the growing needs of municipal and industrial markets in the Midwest.
Value Creation Opportunity
- Growth of new service offerings and capabilities for infrastructure and industrial services
- Increase market share in existing footprint and expand into adjacent territories
- Improve utilization of company owned facilities and equipment base
- Supplement organic growth with accretive acquisitions to enter new markets and service lines
Add-on Criteria
Actively seeking to acquire leading providers of water and wastewater infrastructure inspection, cleaning and repair services.