Vortex Companies Expands European Operations with Acquisition
As part of its European expansion strategy, the Vortex Companies announced July 23 that it has completed the acquisition of Fleer-Tech GmbH (Fleer-Tech), one of the leading German companies in the field of closed sewer rehabilitation.
“We’ve been searching for the right partner to help grow our business in Europe,” said Mike Vellano, Vortex Companies CEO. “Fleer-Tech best exemplifies the qualities we want in a service provider, along with the capabilities to support our existing line of products to deliver more solutions to its customers.”
RELATED: Vortex Companies Partners with BKP Berolina Polyester GmbH & Co. KG
Based in Lehrte, Germany, Fleer-Tech has built a reputation for being a highly competent and experienced trenchless sewer contractor. Founded in 2001, the company has steadily increased its services, while remaining focused on delivering cost-effective no-dig solutions.
“We are extremely excited to be a part of the Vortex family and look forward to integrating our solutions and experience,” said Rüdiger Fleer, managing director of Fleer-Tech. Moving forward Fleer’s day-to-day responsibilities will remain the same, which is to manage project planning, operations, and new business development.
“I look forward to carrying on the legacy of Fleer-Tech’s values and commitment to the market. I am excited to learn about this market and how Vortex can support an already strong brand in the best path forward for customers,” said Quin Breland, Vortex Europe’s new managing director.
RELATED: Vortex Companies Streamlines Operations
The acquisition announcement comes three weeks after Vortex Companies announced Breland, the company’s general counsel and head of acquisitions, was moving to Germany to become the managing director for its European operations.
“We’ve been planning this move for a long time,” said Vellano, about Breland’s new role with the company. “Quin’s business intelligence and background, coupled with his tactical abilities, should help to stabilize customer relationships while developing new ones. With our upcoming announcement of our first European transaction, this also sends a message that we are firmly grounded and here to stay in Europe.”
“Not only is this an exciting move for me and my family, but it’s also an incredible growth opportunity for Vortex. I’m looking forward to the challenge and excited to begin expanding our presence throughout Europe,” added Breland. His near-term goals will be to re-establish the company’s operating team and develop a strategy to promote Vortex’s line of trenchless infrastructure rehabilitation materials, equipment and service solutions.
A member of the Vortex team since 2016, Breland has played a critical role in all of the company’s strategic acquisitions and organic business development, as well as being a key advisor to the company’s international expansion effort.
SOURCE – Vortex Companies