01.15.09 - Acquisition of Aquilex Finalized

Teachers’ Private Capital has acquired Aquilex Holdings, LLC, a leader in maintenance, repair and industrial cleaning services for the energy industry. “We are extremely pleased to partner with Teachers’ Private Capital as Aquilex continues its evolution as a leader in energy services, ” said Bill Varner, Chief Executive Officer of Aquilex. “We have been impressed with Teachers’ Private Capital’s long-term approach to investing in private equity, which is demonstrated by its ability to complete this investment during a period of significant uncertainty in financial markets.”