Engineered Lining Systems, Inc. has been acquired by HK Solutions Group
October 2021 — Engineered Lining Systems, Inc. (ELS) has been sold to HK Solutions Group. The acquisition of ELS complements HK Solutions Group's portfolio of infrastructure rehabilitation, cleaning and inspection service providers.
Headquartered in Jacksonville, Florida, Engineered Lining Systems (ELS) is a full-service, trenchless technology firm that provides in situ pipe and structure rehabilitation services to a wide range of facilities, including government, medical, financial, retail, dining and manufacturing. While other restorative methods may require excavating to access affected or damaged pipes, custom pipe cutting and fitting and a high price tag, ELS’ cutting-edge system provides a cost-efficient solution that significantly reduces installation time with minimal disruption to surface traffic and business
HK Solutions Group, headquartered in Des Moines, Iowa, offers water and wastewater infrastructure inspection, cleaning and repair services, as well as industrial services and wastewater treatment. Its service offerings are designed to support the ongoing maintenance needs of existing public and private infrastructure, including sewer lines, manholes, stormwater systems, large diameter pipes and industrial facilities.
CenterOak Partners is a private equity firm that invests in lower middle-market companies located in the USA that operate in the industrial growth, consumer and business service sectors. The firm acquired HK Solutions Group in July 2021.
Our role in the transaction
Oaklins’ team in Jacksonville acted as the lead advisor to the seller and the management of Engineered Lining Systems, Inc. in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers, and assisted them until closing.
Don Arch
President, Engineered Lining Systems, Inc.
Talk to the deal team
Related deals
Dan Group Alarm Syd has been sold to Varna Security
Dan Group Alarm Syd, a leading provider of subscription-based security solutions, has been acquired by Varna Security, a newly formed security platform backed by Triton Partners. Through the transaction, Dan Group Alarm Syd enters into a new partnership with Triton Partners, positioning the company for its next phase of growth. As part of Varna Security, Dan Group Alarm Syd will continue to operate independently, retaining its entrepreneurial culture and close customer relationships, while gaining access to capital, resources and strategic support to accelerate expansion.
Learn moreLivlande Agro has been acquired by Merito Partners
Merito Partners has acquired a controlling stake in Gaižēni SIA, one of Latvia’s leading pig farming companies operating under the Līvlande Agro brand, from NCH Capital and other shareholders. The company’s founder and management team will remain actively involved in the business, supporting its continued growth and development.
Learn moreTerhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.
Learn more