Bloomfield Hills-based O2 Funding Companions has bought its portfolio firm, Vessco Holdings, a water therapy firm in Minnesota, to Gryphon Traders in California.
Vessco is a value-added specialty distributor that gives services to the water and wastewater therapy market. It affords end-to-end buyer options from preliminary undertaking identification and design session to aftermarket companies.
“We’re grateful to have had the chance to accomplice with Brian DeWolf and the superb workforce at Vessco,” says Pat Corden, a accomplice with O2. “We shared a imaginative and prescient to create an industry-leading enterprise with an emphasis on tradition and teamwork. The individuals at Vessco are best-in-class at each degree of the group, and it was a privilege to work collectively.”
Throughout O2’s two-year possession interval, O2 was in a position to develop the corporate by natural and inorganic development initiatives, resulting in elevated worth for buyers and companions. Vessco accomplished and built-in 5 add-on acquisitions, diversifying the corporate’s product and repair choices throughout 4 market segments whereas enhancing geographic attain.
“Our relationship with the O2 group has been excellent,” says Brian DeWolf, CEO of Vessco. “They labored very intently with our workforce and had been instrumental in executing our mannequin and exceeding our development expectations. We’re very excited to have partnered with the Gryphon workforce as we proceed to develop the Vessco Holdings household of corporations.”
— to www.dbusiness.com