Industry News: January 2022

A roundup of recent industry news exclusively for sewer and drain cleaning professionals

IDEX acquires Nexsight and its businesses
IDEX Corp. entered into a definitive agreement to acquire Nexsight and its businesses — Envirosight, WinCan, MyTana and Pipeline Renewal Technologies — for cash consideration of $120 million, subject to customary post-closing adjustments. The acquisition will complement and bolster existing IDEX business units iPEK and ADS, which design and create sewer crawlers, inspection and monitoring systems, and software applications that allow teams to identify, anticipate and correct wastewater system issues remotely. Through the Nexsight acquisition, IDEX will expand to include iPEK’s key North American channel partner and its leading wastewater video inspection software platform, broadening the capabilities of ADS’s cloud-based wastewater system monitoring and predictive analytics platform.

ADS acquires Jet Polymer Recycling
Advanced Drainage Systems acquired Jet Polymer Recycling, a privately owned recycling company located in the southeastern United States. Headquartered in Fort Payne, Alabama, Jet Polymer has three plastic recycling locations in Alabama and Georgia. It is the largest supplier of recycled polypropylene plastic for Infiltrator Water Technologies, a subsidiary of Advanced Drainage Systems.

Wes Brown
Wes Brown

Aries names Wes Brown new Canada sales manager
Aries Industries hired Wes Brown as Canada sales manager. Brown, based in Innisfil, Ontario, oversees the entire Aries Industries dealer network in Canada. He will focus on building strong customer relationships throughout the country, where Aries Industries has added three new dealers in the past 15 months. Brown holds undergraduate degrees from Western University and Georgian College, and is studying for an MBA at the University of Fredericton.


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