Agile Growth Equity has sold Kobus, a trenchless technology company, to Dresser Utility Solutions to enhance service offerings in the utilities sector.

Target Information

Agile Growth Equity has successfully completed the sale of Kobus, a trailblazer in trenchless technology, to Dresser Utility Solutions, a subsidiary of First Reserve. Kobus, headquartered in Houston, Texas, and with operations in Tamworth, UK, specializes in providing efficient and safe solutions for municipalities, water and gas companies, utility contractors, and various infrastructure stakeholders. The company is particularly known for its innovative Pipe Puller technology, which significantly enhances the speed, safety, and cost-effectiveness of water and gas service pipe replacements compared to traditional methods.

Industry Overview

In recent years, the trenchless technology industry has experienced remarkable growth, driven by the increasing demand for efficient and minimally invasive methods of underground construction and maintenance. This growth is largely attributed to urbanization, aging infrastructure, and the need for sustainable solutions in utility services. Companies operating in this space are continually innovating to meet the challenges posed by both environmental constraints and budget limitations faced by municipalities worldwide.

In the United States, the industry has benefitted from supportive regulatory frameworks aimed at enhancing infrastructure resilience and sustainability. With significant investments being fun