Announced
Synopsis
Frontenac, a private equity firm, completed the acquisition of CROM, a water infrastructure solutions provider, from Sciens Water, a research-driven investment company. Financial terms were not disclosed. “CROM was built on the core values of respect, honesty, integrity, and team unity. The company delivers innovative solutions through purpose-driven performance, centered around client satisfaction. We’re excited to have a partner in Frontenac that embraces those values. Frontenac understands the complexities and opportunities in our market and has been a thought partner as we’ve built our plan for the future. We’re ready to get to work on CROM’s next chapter,” Bobby Oyenarte, CROM CEO.
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