Gainesville, FL – 10/1/2025 – CROM Infrastructure Holdings (“CROM”), a national leader in water infrastructure solutions, today announced it has acquired the assets of CFG Industries, a Houston-based provider of specialized infrastructure services. The acquisition was completed through CROM CFG Industries, LLC, a wholly owned subsidiary of CROM, and marks the company’s second platform transaction in 2025. In August, CROM completed the acquisition of North Carolina-based Carolina Management Company (CMT).
Founded and operated by industry veteran David Cadriel, CFG Industries brings more than three decades of expertise in coatings, structural rehabilitation, and complex project delivery. CFG’s services include high-performance coatings, structural repairs to concrete and steel infrastructure, underground utility and electrical system rehabilitation, lift station upgrades, specialty welding and fabrication, and dam gate rehabilitation.
“Adding CFG Industries to the CROM platform significantly enhances our ability to deliver comprehensive solutions across the water and wastewater sector while continuing our Client First Focus,” said Bobby Oyenarte, CEO of CROM. “David and his team have built a reputation for technical excellence and problem-solving on critical infrastructure projects. We’re excited to welcome the CFG Team into the CROM family.”
Cadriel will join CROM as Vice President and General Manager of CROM | CFG, continuing to lead the business and its people under the CROM umbrella. Customers—primarily municipal water districts and cities—can expect not only continuity in leadership, service, and quality, but also greater resources and scale to meet their needs.
“This partnership allows CFG to scale our impact while maintaining the values and client focus we’re known for,” said David Cadriel. “With CROM’s backing, we are better positioned than ever to serve municipalities with the expanded depth of services and technical expertise.”
With the addition of CFG, CROM strengthens its capabilities in specialized coatings, structural rehabilitation, and custom project execution—furthering its mission to build, revitalize, and protect the nation’s essential infrastructure.
About CROM, LLC
Founded in 1953, CROM is a water infrastructure solutions provider focused on the innovation, design, construction, restoration, and maintenance of the nation’s essential infrastructure. Based in Gainesville, FL, with five regional offices throughout the U.S., CROM specializes in prestressed concrete tanks, CROM2 watertight tensioned straight wall tanks, and end-to-end restoration services for the nation’s water/wastewater facilities and other essential infrastructure. CROM is committed to core values, and the safe delivery of high-quality, long-lasting comprehensive turnkey solutions that support communities and industries, while fostering innovation and excellence. For more information, please visit www.cromcorp.com
About CFG Industries, LLC
CFG Industries is a water infrastructure repair specialist based in Pinehurst, TX. CFG specializes in cleaning, inspecting, assessing, testing, repairing and protecting water infrastructure to enhance performance and to extend service life. CFG also provides mechanical and electrical upgrades to modernize and optimize system operations. Large-capacity welding and fabrication equipment, combined with highly-skilled and certified crews, enable on-site engineering fabrication solutions and provide clients with comprehensive asset protection, including the ability to raise, lower and move storage tanks safely, efficiently, and competitively. For more information, please visit www.cfgindustriesllc.com