Verwater

As market leader in storage tank maintenance and construction, Verwater serves large clients in the oil and gas, petrochemical and process industries. Verwater is specialised in tank jacking, mechanical maintenance, piping, civil works and coating. Verwater Industrial Services (formerly Imtech Industrial Services) provides total technical solutions for the industrial market, including electric & instrumentation, engineering & automation, panel building and the revision of valves.

 

Investment date

July 2014

Add-on September 2015

Part of Imtech Industrial Services

Exit September 2016

To Bregal Freshstream, with Infestos retaining large minority stake

Revenues

Approx. € 150 million

website

www.verwater.com

Infestos involvement

  • Strategic repositioning of the business followed by a reorganisation
  • Implemented new multidisciplinary organisational structure
  • Finalised historic turnkey EPC construction projects, both legally and operational
  • Rolled-out various operational improvement and site review programs
  • Refreshed corporate identity
  • Supported in strategy development
  • Acquisition of parts of the Industrial Services business unit from the Imtech bankruptcy in September 2015, including integration with Verwater (Verwater Industrial Services)

Top 1

market leader in West Europe

>30%

EBITDA growth in recent years

#1

in tank jacking globally

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