Krystal Growth Partners, a Vancouver-based private equity firm has acquired Richmond-based Storm Guard Water Treatment, Inc.
Headquartered in Richmond BC, Storm Guard Water Treatment Inc. (“Storm Guard”) is a leading provider of dewatering, water extraction and water treatment services, specializing in the removal and treatment of groundwater and runoff at construction sites.
Founded in 1989, Storm Guard has a strong reputation for quality and dependability and has worked on a number of high profile projects including the Vancouver General Hospital, Vancouver Convention Centre, Shangri-La Hotel and the Olympic Village. Storm Guard provides two essential services to the construction industry: dewatering and water treatment. Dewatering is the process of lowering the water table until a steady state of dry soil is reached, allowing for excavation and construction site activities to progress. Water treatment is the process of filtering and treating contaminated water before it can be safely discharged into the storm water system. Common contaminates treated through this process include sediment, hydrocarbons, pH from concrete work, and metals such as iron, manganese and zinc. Through decades of experience, Storm Guard has developed unique and industry-leading practices to treat highly contaminated water at very high flow rates. Consequently, Storm Guard has built strong, longstanding relationships with marquee clients who rely on Storm Guard for its effectiveness and excellent customer service.
Krystal has been acquiring mid-market local businesses since 2004. With 11 companies that span a wide range of industries, Krystal has become one of the pre-eminent buyers of private businesses in Western Canada.