Strategic Acquisition The acquisition by Vortex Companies in December 2024 positions Tri-State Utilities as part of an expanded portfolio of trenchless infrastructure solutions, presenting cross-selling opportunities with other Vortex entities and enhancing service offerings to municipal utility clients.

Market Niche Specializing in trenchless pipeline rehabilitation for water and wastewater infrastructure, Tri-State has established a strong foothold that aligns with increasing municipal investments in infrastructure maintenance and repair, opening avenues for government contracts and utility sector expansion.

Safety Credentials Tri-State's recognized safety awards and commitment to safety training make it a preferred partner for municipalities and utilities prioritizing risk management, safety compliance, and reliable service delivery, potentially leading to long-term operational contracts.

Technology Adoption Utilizing advanced techniques such as CIPP cured-in-place pipe lining and CCTV inspections, Tri-State demonstrates technical expertise that can appeal to clients seeking innovative, non-invasive repair solutions, facilitating upselling of cutting-edge services.

Growth Potential Operating with a revenue range of $10M to $25M and a specialized team, Tri-State is well-positioned to expand within the municipal utility market, especially by targeting comparable regional utilities and leveraging recent industry trends toward trenchless rehabilitation investments.