South African private equity firm Agile Capital, together with other existing shareholders, has announced its exit from Aquatico, a leading environmental monitoring and testing company, through a strategic sale to Bidvest.
Aquatico has built a strong reputation in the environmental services sector, offering specialized monitoring, testing, and reporting solutions across various industries, with a particular emphasis on the mining sector. Its core services include the sampling and analysis of water from mining operations, groundwater sources, dams, and other environmental reservoirs, ensuring compliance with environmental standards and regulations.
Agile Capital, in collaboration with RMB Corvest, initially acquired a significant equity stake in Aquatico in March 2012. Over the past decade, the partnership has supported Aquatico’s growth and operational expansion, positioning it as a key player in South Africa’s testing, inspection, and compliance industry.
Tshego Sefolo, CEO of Agile Capital, reflected on the journey, stating:
By partnering with the management team, we facilitated the creation of a significant business in the testing, inspection and compliance industry in South Africa.
Aquatico’s founder and CEO, Ryno Erdmann, expressed optimism about the transition, saying:
Having successfully worked with Agile, we look forward to working with our new owners in identifying further areas for growth and continuing to extract value from the solid platform established by the existing management team and exiting shareholders.
The acquisition by Bidvest marks a new chapter for Aquatico, with expectations of further investment and strategic support to scale its operations and broaden its service offerings.
