Dresser Utility Solutions Acquires Kobus

Dresser Utility Solutions, a portfolio company of First Reserve, has acquired Kobus, a portfolio company of Agile Growth Equity. 

Kobus will continue to operate in its current locations in Houston, Texas; and Tamworth, United Kingdom, delivering a global solution for underground gas and water pipe replacement. The acquisition will address the challenges of aging utility infrastructure, especially the mandated removal of more than 9 million lead service lines across the U.S.

“By joining forces with Dresser Utility Solutions, we will be able to leverage their extensive network and resources to enhance our ability to deliver critical infrastructure modernization solutions,” said Tom Atienza, president, Kobus.

Kobus’ innovative Pipe Puller technology allows for faster, safer, and more cost-effective pipe replacement than other replacement methods.  Kobus will expand Dresser’s capabilities to provide safe and innovative solutions to both gas and water utilities.

“This acquisition aligns with our corporate strategy to be a complete supplier of essential technology to utilities worldwide,” said David Evans, CEO, Dresser Utility Solutions. “Together with Kobus, we are better positioned to address the challenges of aging utility infrastructure, including recent legislation aimed at replacing lead service lines.”      

The Dresser Utility Solutions portfolio includes gas metering technology, flow assurance solutions, high-performance pressure control devices, chemical injection pumps, electric actuators and related software and IOT technologies. 

SOURCE – Dresser Utility Solutions