Daystar Composites, LLC provides contractors and utility owners with state of the art cured-in-place pipe (CIPP) liners and products designed for the rehabilitation of water and wastewater pipe infrastructure.
“This acquisition represents the next chapter in IPR’s strategic plan, as we continue to diversify and grow our business,” said Robert McCrae, President and Chief Executive Officer of IPR. “This acquisition positions IPR to build on our capabilities as a national leader in CIPP lining technology and trenchless pipe rehabilitation. As our position grows in the water and wastewater sector, IPR has significant opportunities to capture a larger share of the market and accelerate our growth prospects,” McCrae continued. “This strategic transaction of complementary organizations will deliver meaningful benefits for equity owners, employees and customers. We expect value creation for equity owners in both the near- and long-term, including synergy realization.”
McCrae concluded, “Daystar is a company that shares IPR’s values. Employees will have opportunities to grow into new roles and learn about new businesses as part of a larger, more diversified company. Together we will profitably grow our business across geographies, deliver a broader portfolio and provide a high-quality array of products and services that both IPR and Daystar’s clients have come to expect.”