Inland Pipe Rehabilitation, LLC Announces Acquisition of Daystar Composites, LLC
(CONYERS, GA, November 2018) Inland Pipe Rehabilitation, LLC (IPR) recently announced the acquisition of Daystar Composites, LLC. As part of the purchase, Daystar Composites, LLC will change their name to “Daystar Composites: An IPR Company.”
About Daystar Composites, LLC
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.”
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