ClockSpring|NRI, a portfolio company of Wind Point Partners \ yesterday announced its acquisition of Fyfe® North America and Fyfe® Europe.
Fyfe designs and manufactures fiber-reinforced polymer (“FRP”) systems for strengthening, repairing, and restoring civil and commercial structures and water transmission pipelines. Founded in 1988 to strengthen deficient bridge columns in California using aerospace composite materials, Fyfe 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.
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 Mr. 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.
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 will remain part of Aegion Corporation.
