Bloomfield Hills-based O2 Investment Partners has sold its portfolio company, Vessco Holdings, a water treatment company in Minnesota, to Gryphon Investors in California.
Vessco is a value-added specialty distributor that provides products and services to the water and wastewater treatment market. It offers end-to-end customer solutions from initial project identification and design consultation to aftermarket services.
“We are grateful to have had the opportunity to partner with Brian DeWolf and the excellent team at Vessco,” says Pat Corden, a partner with O2. “We shared a vision to create an industry-leading business with an emphasis on culture and teamwork. The people at Vessco are best-in-class at every level of the organization, and it was a privilege to work together.”
During O2’s two-year ownership period, O2 was able to grow the company through organic and inorganic growth initiatives, leading to increased value for investors and partners. Vessco completed and integrated five add-on acquisitions, diversifying the company’s product and service offerings across four market segments while enhancing geographic reach.
“Our relationship with the O2 group has been outstanding,” says Brian DeWolf, CEO of Vessco. “They worked very closely with our team and were instrumental in executing our model and exceeding our growth expectations. We are very excited to have partnered with the Gryphon team as we continue to grow the Vessco Holdings family of companies.”