Information on the Target

Accurate Meter & Supply, commonly referred to as Accurate, is a prominent distributor and service provider based in Katy, Texas. Established in 1988 by Dayne and Jamie Burson, the company specializes in the distribution of water, sewer, and drainage products for municipal, residential, and commercial infrastructures. Over the years, Accurate has built a strong reputation for its technical expertise and consultative approach in providing waterworks solutions.

Accurate offers a comprehensive range of products, including meter systems, pipes, valves, fire protection equipment, and technical services such as meter testing, leak detection, and flow testing. This extensive portfolio positions Accurate as a key player in ensuring efficient water management within the Texas region.

Industry Overview in Texas

The waterworks industry in Texas plays a crucial role in managing the state’s water resources, which are essential for both urban and rural communities. As Texas continues to experience rapid population growth, the demand for reliable infrastructure to support water distribution and drainage management is at an all-time high. This presents significant opportunities for companies like Accurate, which are positioned to supply and service this critical infrastructure.

Furthermore, the increasing focus on environmental sustainability has led to advancements in water management technologies and services. As municipalities strive to improve water efficiency and reduce waste, there is a growing demand for innovative solutions and reliable distribution partners. Accurate's commitment to offering cutting-edge products and services aligns well with these evolving industry needs.

The Texas waterworks market is characterized by a combination of established players and emerging startups that cater to various segments of the industry. This competitive landscape encourages a continuous push for improvement and innovation, which can benefit companies that prioritize customer service and technical expertise in their offerings.

Given the ongoing investments in infrastructure development across Texas, Accurate stands to benefit from favorable industry trends that support its growth strategy. The partnership with Quad-C is expected to enhance its capabilities to leverage these opportunities effectively.

The Rationale Behind the Deal

The investment by Quad-C Management in Accurate Meter & Supply is driven by a mutual vision of growth and expansion. Quad-C recognizes Accurate's strong foundation and established market presence, specifically in the Texas waterworks sector. With Quad-C's support, Accurate aims to reinvest capital to drive both organic growth and pursue strategic acquisitions that will further enhance its market footprint.

This partnership is designed to empower Accurate's management team, who will continue to lead the company while maintaining significant ownership. Their deep understanding of the business, combined with Quad-C's operational expertise, is expected to create synergies that propel Accurate towards becoming a leading super-regional player in the distribution of waterworks products.

Information about the Investor

Quad-C Management, founded in 1989 and headquartered in Charlottesville, Virginia, is a reputable middle market private equity firm with a focus on established services and industrial companies. Over the past three decades, Quad-C has successfully invested $4.6 billion across 87 platform companies and 390 add-on acquisitions, emphasizing its commitment to creating long-term value through partnerships with entrepreneurs and management teams.

With a robust portfolio in specialty distribution and a proven track record of supporting growth initiatives, Quad-C is well-positioned to assist Accurate in scaling its operations and navigating the competitive landscape of the waterworks industry. The firm's expertise in managing founder-owned businesses aligns seamlessly with Accurate's vision and operational goals.

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The recent partnership between Quad-C and Accurate Meter & Supply reflects a strategic move that could be highly advantageous for both parties. Accurate’s established reputation in the waterworks distribution sector and its strong growth trajectory make it an attractive investment for Quad-C. As the demand for water management solutions continues to rise in Texas, Accurate's focus on technical services and customer care positions it well to capitalize on emerging market opportunities.

Moreover, Quad-C’s experience in the specialty distribution space adds a valuable layer of expertise that can enhance Accurate's operational capabilities. The combination of Accurate’s local market knowledge with Quad-C’s financial backing and strategic guidance creates a solid foundation for accelerated growth.

However, it will be essential for both organizations to execute their growth strategy effectively. This includes expanding Accurate's geographic footprint and diversifying its service offerings to meet the evolving needs of customers. If successful, this partnership could solidify Accurate's position as a leading distributor and service provider in the waterworks industry on both a regional and national level.

Overall, this investment has the potential to create significant value for stakeholders, positioning Accurate for sustained success in the dynamic landscape of waterworks distribution.

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