Industry
Infrastructure Services
Location
Alexandria, Virginia
Company Overview:
SageWater Renew is a provider of corrosion reduction services for plumbing in multifamily, senior care, and hospitality properties, founded in 2014. The Company’s Renew corrosion treatment is continuous and generates a strong recurring revenue base. The treatment reduces plumbing failures and gives owners time to put aside money for a pipe replacement.
Investment Status:
Active
Transaction Date:
2014
Type:
Joint Venture
Transaction Overview:
Grindstone partnered with the CEO/co-founder of SageWater to create a company that could offer a recurring service to address an unmet need of multi-family property owners. This business leverages the SageWater brand and contacts in the marketplace.
Seeking:
Focused on scaling the business, but open to folding in other domestic water treatment companies. Also looking to hire a salesperson and general manager.
www.swrenew.com