Progressive Pipeline Management acquired by Platform Partners

PPM is a trenchless pipeline rehabilitation contractor that restores aging, damaged or leaking underground infrastructure, primarily natural gas utility distribution pipelines of all shapes and sizes. Founded in 2002, PPM pioneered cured-in-place-lining (CIPL) technology, which allows for the rehabilitation of gas distribution pipelines with minimal surface disruption.

Commonwealth M&A analysed the buyer market and facilitated negotiations, ultimately closing the transaction in just over six months with Platform Partners.

"Commonwealth M&A knew exactly what to do," said David Wickersham, founder of PPM. "They spotted many complex challenges before they became problems and had a plan for resolving them in short order. Thanks to their help, I found the right partner and now have the financial and strategic backing to take my company to the next phase of growth."

"We are always elated when we can help a client close a deal, but this one felt particularly special," said Joe Bergin, co-founder of Commonwealth M&A. "There were a number of very complicated layers to manoeuvre with this transaction, but knowing we were honouring PPM's 20+ year legacy and were responsible for taking great care of 100+ employees, we knew we needed to do it justice."

Read the article online at: https://www.worldpipelines.com/business-news/22112024/progressive-pipeline-management-acquired-by-platform-partners/