FOR IMMEDIATE RELEASE
SageWater Announces Promotion of David Schanuel to President and Chief Operating Officer
ALEXANDRIA, VA, February 25, 2025 — SageWater, the nation’s leading provider of turnkey plumbing and mechanical infrastructure solutions for condominium and apartment communities, has announced that David Schanuel has been promoted to president and chief operating officer of the company.
In his new role, David will take on all day-to-day responsibilities for the company. “With his background in both construction and business, Dave is perfectly positioned to help oversee SageWater’s next phase of growth,” said Peter M. Page, Jr., SageWater CEO. “I am excited to see where he can take the business as we continue to expand through both organic and acquisitive growth. Promoting Dave affords me the opportunity to focus on strategic value creation, partnerships, acquisitions, and opportunities for expanding the business. I can rest assured that our day-to-day operations are in good hands.”
“We are excited to be able to promote from within and provide talented individuals like Dave with the opportunity to step up and advance their careers,” said Derek McDowell, CEO of Boyne Capital, whose affiliate is a SageWater investor partner. “After nearly 10 years of contributing to SageWater’s growth and success, Dave has proven his ability to impact the business. We wish him all the best in his new role.”
About SageWater
SageWater is the nation’s leading provider of turnkey plumbing and mechanical infrastructure solutions for condominium and apartment communities. We help building owners and operators protect the value of their investments and the quality of residents’ lives by diagnosing piping system problems, designing innovative solutions and delivering lasting results. Over 35 years, we’ve pioneered unique program management and construction processes to deliver more efficient and cost-effective solutions in hundreds of communities across the country — all while residents remain in their homes. Operating nationwide, SageWater has headquarters in Alexandria, VA, and Honolulu, Hawaii. For more information, visit sagewater.com.