CAROLINA MANAGEMENT TEAM

What CAROLINA MANAGEMENT TEAM does

Carolina Management Team (CMT) is a North Carolina-based specialty infrastructure rehabilitation contractor founded in 2003 by siblings Wendy Banks and David Van Zee. The firm delivers surface preparation and industrial coatings application, concrete infrastructure assessment and repair, leak remediation, and manhole rehabilitation for water and wastewater assets such as storage tanks, clarifiers, pipe galleries, wet wells, and pump stations. Service delivery relies on certified coating inspectors and applicators holding AMPP/SSPC credentials, OSHA 30/10 and confined-space safety training, and the use of vendor-supplied coating systems (Sherwin-Williams, Sika, Sherwin-Williams Euronavy) and mechanical equipment including Graco plural component spray pumps and mortar plants. WBE and HUB certified with General Contractor licensing in both North Carolina and South Carolina.

CMT generates revenue through project-based contracts on a quote-by-project basis, sold directly to municipalities, engineering firms, prime contractors, and select private industrial customers across the Carolinas. The customer base is dominated by municipal water and wastewater utilities, with disclosed individual project values ranging from approximately $100,000 to over $500,000 (City of Asheville annual contract $400,000; City of Raleigh cumulative work over $500,000; City of Jacksonville over $350,000). The firm has also extended service delivery internationally to U.S. Department of State facilities in Africa, the Middle East, Europe, Central America, and Tijuana, Mexico.

The go-to-market motion is sales-led and relationship-driven, supported by a detailed website portfolio, customer testimonials, industry trade press features, and the CMT Gives Back community program, which donates projects of up to $50,000 to qualifying municipalities annually. Operations run from two North Carolina locations: an administrative office at 49 McDowell Street in Asheville and a shop facility at 1941 Baker Rd in High Point, with a workforce that has grown from two employees at founding to over 40 today. The company is family-owned with no disclosed institutional investors, M&A activity, or public-market presence.

Name

CAROLINA MANAGEMENT TEAM

Legal name

Carolina Management Team

Website

https://cmtcoatings.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Carolina Management Team is a North Carolina specialty contractor founded in 2003 that performs industrial coatings, concrete repair, leak remediation, and manhole rehabilitation for municipal water and wastewater infrastructure across the Carolinas and U.S. Department of State facilities abroad.

Ownership category

akta.pro rank

Headquarters

HQ city

Asheville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Infrastructure Rehabilitation Services: Project-based contracts for coatings and concrete repair services to municipalities and private industry

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Carolina Management Team (CMT) is an industrial paint and protective coatings contractor that rehabilitates municipal water and wastewater infrastructure. CMT performs surface preparation, concrete assessment and repair, leak repair, and manhole rehabilitation for water tanks, clarifiers, pipe galleries, pump stations, and wet wells, delivering project-based coatings and concrete repair services to municipalities, engineering firms, contractors, and private industry.

Product overview

Carolina Management Team (CMT) is a specialized infrastructure rehabilitation contractor offering four core service lines: Concrete Services, Coatings Services, Leaks Services, and Manholes Services. These services are delivered by certified coating inspectors and coating technicians who repair deteriorated concrete, leaks, and corrosion in water and wastewater infrastructure. CMT serves municipalities, engineering firms, prime contractors, and coating vendors across North Carolina and the Carolinas. The company also operates the CMT Gives Back Program, an annual community initiative providing free infrastructure rehabilitation to deserving municipalities.

Differentiator

Problem solved

Functional benefit

Brands

• CMT Gives Back Program: Annual statewide program that identifies a municipality in need of water or wastewater infrastructure rehabilitation services and completes a significant project as a gift to the municipality.

Products and services

• Concrete Services Surface preparation and industrial coatings application for concrete infrastructure, addressing cracking, spalling, microbial induced corrosion, chemical exposure, exposed aggregate, rebar corrosion, and moisture issues for municipal and private water/wastewater assets.
• Coatings Services Protective industrial coatings application to guard steel assets and infrastructure against environmental corrosion, humidity, chemical attacks, and premature coating failures, including Sherwin-Williams Tank Clad HS, Macropoxy 646, SherCrete, DuraPlate 235, and SherFlex elastomeric systems.
• Leaks Services Leak repair services for wastewater environmental leaks, potable water contamination, and costly water leaks using chemical grout injections, hydraulic cement, stitch methods, and airless pump equipment, intended for municipal water and wastewater systems.
• Manholes Services Manhole rehabilitation addressing infiltration, exfiltration, microbial induced corrosion deterioration, and direct flow issues, including vacuum testing, bench and invert rebuilding, chimney seal fixes, cementitious linings, and polyurethane/epoxy lining systems for hydrogen sulfide protection.
• CMT Gives Back Program Annual statewide program identifying a North Carolina municipality in need of water or wastewater infrastructure rehabilitation services and completing a significant free project valued up to $50,000, offered in partnership with NC Rural Water Association, NC Water Operators Association, and NC AWWA-WEA.

Quantifiable outcome

• Tank rehabilitation valued at over $50,000 provided free to qualifying municipalities through CMT Gives Back program
• +1 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• NC Rural Water AssociationcoreStrategic or Co-development PartnerCollaborating organization for the CMT Gives Back Program. NC Rural Water Association is a membership organization serving water and wastewater professionals in North Carolina.
• NC Water Operators AssociationcoreStrategic or Co-development PartnerCollaborating organization for the CMT Gives Back Program. NC Water Operators Association supports water system operators through training and certification.
• NC AWWA-WEAcoreStrategic or Co-development PartnerCollaborating organization for the CMT Gives Back Program. NC Section of American Water Works Association and Water Environment Association.
• Sherwin-WilliamscoreTechnology or IntegrationMaterial vendor providing coatings products including Tank Clad HS, Macropoxy 646, SherCrete, DuraPlate 235, and SherFlex elastomeric systems. Sherwin-Williams and CMT jointly received national recognition for work on the City of Asheville project.
• Ames ConstructionminorChannel Partner/ Reseller/ DistributorPrime contractor partnering with CMT for infrastructure projects.
• Haren Construction CompanyminorChannel Partner/ Reseller/ DistributorConstruction firm partnering with CMT for projects.
• TA LovingminorChannel Partner/ Reseller/ DistributorContractor partnering with CMT for infrastructure projects.

Scale indicators5 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Structural Preservation Systems (STRUCTURAL): National specialty contractor providing concrete restoration, strengthening, and protective coatings for infrastructure and buildings. Comparable to CMT's concrete services and coatings application, but with much broader geographic coverage and larger project scale.
• Aegion Corporation (now Spire Power & Infrastructure): Larger infrastructure services company with trenchless pipeline rehabilitation, sewer rehab, and water/wastewater services. Competes with CMT on manhole and pipeline rehabilitation projects but operates at much greater scale with broader geographic footprint.

Direct peers

• Vortex Companies: Specialty contractor focused on sewer, manhole, and wastewater infrastructure rehabilitation including trenchless technologies, manhole liners, and coatings. Directly comparable to CMT's manhole and wastewater rehab services, with overlapping customer base of municipalities and engineering firms.
• National Water Main Cleaning Co. Northeastern U.S. specialty contractor providing water main and wastewater infrastructure cleaning, inspection, and rehabilitation. Directly comparable service portfolio to CMT's leak repair and infrastructure rehab services, primarily serving municipal customers.
• Classic Protective Coatings: Industrial coatings and linings contractor specializing in water/wastewater infrastructure including tanks, clarifiers, and manholes. Closely comparable specialty contractor to CMT, serving similar municipal customer base with project-based contracts.
• Utility Service Co. National water tank maintenance, rehabilitation, and coatings contractor. Directly comparable to CMT's tank rehab and coatings services for municipal water systems, with a similar business model of project-based contracts for water infrastructure asset life extension.
• USG Water Solutions: Water and wastewater infrastructure rehabilitation services company including tank rehabilitation, coatings, and concrete repair. Comparable service offering and customer base to CMT, though operating at somewhat larger geographic scale.

Others

• Carboline Company: Major protective coatings manufacturer serving water/wastewater infrastructure with tank linings, manhole coatings, and wastewater treatment plant products. Comparable enabling supplier rather than competitor, supplying coating systems used by CMT and similar specialty contractors.
• Sherwin-Williams Protective & Marine: Major coatings manufacturer and current vendor partner of CMT (Tank Clad HS, Macropoxy 646, SherCrete, DuraPlate 235, SherFlex). Not a direct competitor but key material supplier and ecosystem participant, jointly recognized with CMT on award-winning projects.

Emerging players

• Pipenology: Specialty pipeline rehabilitation and coatings contractor serving water/wastewater utilities. Comparable to CMT's pipe gallery coating, leak repair, and protective coatings services for municipal water infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/carolina-management-team

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CAROLINA MANAGEMENT TEAM