Reliability Won acquires Fluid Life

JANUARY 29, 2026

Reliability Won (Battery Ventures) acquires Fluid Life

TARGET

Provides lubrication and oil analysis lab services, expert diagnostics, and myLab software to mining, construction, energy, and transportation customers across North America.

Ownership	Founder-owned
Headcount	51-200 FTEs
Headquarters	Edmonton, Canada
Leadership	Heather Nichols, President
Sell-side advisor	—

ACQUIRER

Reliability Won

Operates a global asset-reliability platform delivering condition-monitoring training, accredited certification, consulting, and oil analysis testing to industrial end markets.

Ownership	PE-backed
Parent	Battery Ventures
Investors	—
Headquarters	Fort Myers, Florida
Leadership	Marcus Pillion, CEO
Buy-side advisor	—

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Reliability Won -> Fluid Life  (2026-09-11)
strategic_acquisition | Industrial/Manufacturing | announced
Target: Provides lubrication and oil analysis lab services, expert diagnostics, and myLab software to mining, construction, energy, and transportation customers across North America.
Website: fluidlife.com | Buyer site: reliabilitywon.com
HQ: Edmonton, Canada | Ownership: founder-owned | Buyer sponsor: Battery Ventures | Buyer ownership: pe-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/reliability-won-fluid-life.html

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