New acquisition strengthens TESCOs dominance of North American water/waste water systems integration market
May 17 2019 Read 299 Times
Tesco Controls, Inc. (TESCO), has announced that it has acquired Trimax Systems, Inc. (TRIMAX) for an undisclosed sum. TRIMAX is a systems integrator serving the water/wastewater market as well as a leader in the utility, solar and renewable environmental energy industries. The acquisition of this California based company was finalised on March 31, 2019.
The union with TRIMAX will provide opportunities for TESCO to increase its water/wastewater market share in Southern California and gain entry to additional industries served by TRIMAX. Combining the talents of both organisations will expand professional services capabilities and add technological synergies to enhance the customer experience. TESCO’s financial strength and manufacturing capabilities will enable TRIMAX to take on larger projects, and the combined companies are expected to increase profitability and U.S. market share.
Shain Thomas, CEO for TESCO, commented, “TRIMAX is an impressive company and a competitor that we have come to greatly respect. We both share a customer-first philosophy to deliver industry-changing solutions while providing a healthy work environment for our employees. TRIMAX’s talents and experience in multiple industries will add significantly to TESCO’s long-term strategic growth initiatives.”
TRIMAX will continue to provide systems integration services under the name TRIMAX, a Tesco Controls Company. TESCO’s current CEO, Shain Thomas, will serve as CEO for both entities. The current TRIMAX executive team will stay on after the transaction. The combined company will now have 13 locations in the continental U.S. and Hawaii.
Dean McLaughlin, TRIMAX CEO, stated, “We have always respected TESCO’s ethics and customer-focused business philosophy. Now we will be able to complement each other’s competitive advantages by combining our experience and resources to pursue larger opportunities in our markets. Our employees are excited to become part of an employee-owned company and to enjoy additional opportunities for professional growth.”
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