News

AIMS Companies Acquires Southern Hydro Vac, Inc. and Continues Growth

Scottsdale, AZ – July 9,2019 – AIMS Companies, a national industrial, municipal and utility services company, announces that it has acquired Southern Hydro Vac, Inc. (SHVI), a Powder Springs, GA-based hydro excavation company to continue its growth and expansion in the Southeast.

“Southern Hydro Vac is synonymous with quality and its turnkey services will allow us to better serve customers in the Atlanta area and throughout the entire Southeast region,” says Chris Mihaletos, president, AIMS Companies.

 

Southern Hydro Vac was founded in 2003 and is the leading soft dig hydro excavation company in Georgia.The company will do business as Southern Hydro Vac (SHV) under the AIMS Companies umbrella. All 50 Southern Hydro Vac employees will work with the combined organization moving forward.

 

“Our two companies have amazingly similar principles with customer service and performance that is superior tothe competition,” says Guy Rimoldi, president, Southern Hydro Vac, Inc. “For over fifteen years Southern Hydro Vac, Inc., has proved to be the top performer in the industry and now with AIMS as the parent company, service and value tothe customer will be even better.”

 

AIMS Companies has continued its growth at 20 percent each year since 2005 and is on pace to surpass this growth average in 2019. Additionally, AIMS is averaging two new regional locations per year and now employs over 500 professionals nationwide.

Solution – Use a Bigger Truck

Equipment Truck Cost Per Hour Traffic Control Per Hour Hours to Complete Total Cost
Small Truck $180 $50 12 $2,760.00
Large Truck $235 $50 8 $2,280.00

* Increase in time accounts for slightly slower digging, fetching water and dumping more frequently. Rates listed are for comparison purposes only and not based on actual quotes.

Solution – Use a Smaller Truck

Truck Cost Per Hour Traffic Control Per Hour Hours to Complete Total Cost
$180 $50 2 $460.00
$235 $50 2 $570.00

* Since it’s a small task order, dumping time and fetching water is not factored in.