Vortex Companies Acquires Quebec-Based Foraction
Vortex Companies continues its growth strategy with the acquisition of Foraction, a provider of trenchless watermain renewal services.
Based in the south shore of Montreal, Foraction has earned a strong reputation for its advanced technologies and industry-leading installation practices.
Founded in 1996 as a horizontal drilling contractor, Foraction became a CIPP Corp. licensee in 2017 and quickly rose to prominence in the trenchless sector. Vortex Companies acquired CIPP Corp. in 2021 and since then have aquired several CIPP Corp. licensees including Planned and Engineered Construction Inc. (PEC), Tri-State Utilities and most recently Sancon Technologies Inc.
In 2019, Foraction acquired the assets of AquaRehab and shifted its focus to trenchless watermain rehabilitation. Since then, the company has rehabilitated roughly 1 million feet of water pipelines across Canada and the United States.
The rights to the Foraction name will stay with Groupe Michaudville, where it will continue to operate its successful drilling business.
“Foraction clearly understands and excels in this space. They use premium, NSF/ANSI 61 certified water lining materials, most of which are manufactured and supplied by United Felts and have developed a repeatable installation process that distinguishes itself from its competitors,” said Mike Vellano, CEO of Vortex Companies. “This represents a strategic addition to our rapidly growing Vortex Water division, enabling us to offer an even more comprehensive suite of NSF-certified materials, innovative installation technologies, and unmatched expertise.”
He adds, “We would like to thank the Phaneuf family for placing their trust in Vortex to carry on their legacy of excellence in this critical segment of the rehabilitation market.”
Effective immediately the company will operate under the new name of Vortex Infrastructure Services Inc. / Services d’infrastructures Vortex Inc. Jean-Philippe Bédard, formerly Foraction’s director of rehabilitation, will assume the role of CEO.
“This is an exciting day for us,” said Bédard. “We’re eager to combine our system design and installation expertise with the extensive resources Vortex brings to the table. Together, we’ll be able to expand our installation teams and take on more projects throughout the Americas in a market that is in urgent need of qualified contractors and approved installation technologies.”
“The acquisition of Foraction significantly enhances our ability to serve the potable water market—not just geographically, but also through the strength of its personnel, which may be its greatest asset,” says Cedric Bergeron, senior vice president of Vortex Water. “Watermain rehabilitation requires a specialized skillset, and this team is the best in the business.”
Financial details of the transaction were not disclosed.
SOURCE – Vortex Companies
