ClockSpring|NRI, a portfolio company of Wind Point Partners, announced the acquisition of the Fyfe North America and Fyfe Europe business from Aegion Corp. Fyfe designs and manufactures fiber-reinforced polymer systems for strengthening, repairing, and restoring civil and commercial structures and water transmission pipelines.
Fyfe, founded in 1988 to strengthen deficient bridge columns in California using aerospace composite materials, today holds numerous patents for the use of composites in the Civil and Structural strengthening market.
“Fyfe’s focus on the civil, structural and water transmission pipeline markets is a strong complement to the ClockSpring|NRI critical infrastructure solutions portfolio,” noted Frank Firsching, CEO of ClockSpring|NRI. “Fyfe is recognized around the world as the pioneer of the FRP structural strengthening market and its industry leading Tyfo solutions broaden the infrastructure markets we serve.”
Mark Brand, the current general manager of Fyfe, will join the ClockSpring|NRI executive leadership team as president of the Fyfe Division and will report directly to Firsching.
“By joining ClockSpring|NRI Fyfe North America and Fyfe Europe are now part of a composites-centric organization that can continue to bring Fyfe maintenance and rehabilitation solutions to our valued customers,” stated Mr. Brand. “We look forward to continuing to serve our customers and work with our best-in-industry trained network of Certified Applicators to deliver the highest-quality installation of Fyfe materials.”
In February 2019, Wind Point simultaneously acquired and merged Clock Spring Company Inc. and Neptune Research LLC. The combined company was renamed ClockSpring|NRI. Subsequently, Milliken Infrastructure Solutions was added to the platform in June 2019, extending technical capabilities in sewer, water and wastewater applications. Frank Firsching joined as CEO in March 2020. Firsching was president of Aegion’s Infrastructure Solutions group from March 2016 to December 2018.
Alex Washington, managing director at Wind Point Partners, commented, “Fyfe is a business that we had on our radar from the very beginning. It is a perfect fit for our family of infrastructure solutions, including a strong complement to our GeoTree concrete polymer and RenewWrap products. We look forward to supporting the next phase of growth.”
FyfeAsia and Fibrwrap remain part of Aegion Corp.