Transaction overview
Sound Growth Partners (SGP), a private equity firm based in Seattle, acquired Hydro-Vac Holdings, Inc., also known as RK HydroVac, on April 1, 2026. The transaction closed exactly one week before its announcement, with SGP providing all the capital required through its One-Stop Buyout® structure. Founded in 1981 and headquartered in Piqua, Ohio, RK HydroVac is a leading provider of roof preparation services for low-slope ballasted roofs across the United States. The company's specialized fleet of Hydrovac trucks supports essential dry and wet-vacuum services, ballast removal, pneumatic ballasting, and disposal, positioning it as an indispensable partner to roofing contractors nationwide.
Deal structure and financing
Details on the exact deal value and key terms remain undisclosed. However, SGP has confirmed that it used its One-Stop Buyout® model for this acquisition, which involves providing all necessary capital without requiring external debt or equity injections from third-party financial institutions. Given SGP’s typical investment profile targeting companies with $2 to $15 million of EBITDA, the deal size likely falls within this range. No information is available regarding a retained stake by the sellers or any lock-up agreements for key management personnel post-acquisition.
Strategic context
The acquisition serves as a strategic move for SGP to enter and strengthen its position in the specialized construction services sector. RK HydroVac's strong market presence and established operational excellence make it an ideal fit within SGP’s portfolio of niche leaders. Travis Steele, Partner at SGP, highlighted that RK’s 45-year history and reputation for reliability align well with SGP’s investment philosophy focusing on sustainable growth through operational improvement and strategic expansion.
For Hydro-Vac Holdings, Inc., the sale likely represents a consolidation phase following years of organic growth and market leadership. The proceeds from the deal will allow the company to pursue new opportunities or divest other business lines that may not align with its core competencies in roof preparation services. This transaction also enables RK HydroVac to leverage SGP’s resources for potential expansion into adjacent markets or further vertical integration within existing service offerings.
Regulatory path
As this acquisition was conducted without any publicly disclosed regulatory hurdles, it appears the deal did not trigger significant antitrust scrutiny given its likely size relative to the broader construction and property market. No specific mention of filing dates with federal or state regulators in the United States has been reported. Given SGP’s focus on mid-market companies and their geographical concentration within North America, any regulatory involvement would have most likely occurred at a regional level, if at all required.
The acquisition is part of SGP’s broader strategy to support high-potential businesses through operational enhancements and strategic partnerships, positioning RK HydroVac well for its next growth phase under private equity ownership.