Rochester, New York, September 18, 2024 – Rochester Midland Corporation (“Rochester Midland” or the “Company”), a leading provider of route-based, technical services and specialty chemical products across water treatment, food safety and other verticals, today announced that it has acquired Industrial Water Technologies (“IWT”), a water treatment services provider and technical consulting firm based in Tinton Falls, New Jersey.
Founded in 1988, IWT offers a wide range of services across water treatment applications, including cooling tower & boiler water treatment, laboratory services and program monitoring. IWT services plant utilities across a variety of end markets including healthcare, critical systems engineering (data centers), government, manufacturing, higher education and co-generation, amongst others.
Jordan Campbell, Managing Director of Peak Rock Capital, said, “The acquisition of IWT highlights Rochester Midland’s commitment to driving a transformational growth strategy. IWT is highly complementary to Rochester Midland’s existing footprint in the Northeast.”
Jim White, CEO of Rochester Midland, added, “Rochester Midland’s acquisition of IWT strategically expands our technical expertise, service capabilities and customer base in the New York Metropolitan area. We look forward to working with IWT to achieve its growth aspirations as a combined platform.”
Dave Alter, Managing Director of Peak Rock Capital, added, “The addition of IWT exemplifies Rochester Midland’s intent to pursue accretive acquisitions of other leading, like-minded businesses within water treatment and food safety.”