Aquam Receives $26 Million to Expand Pipeline Infrastructure Services
Aquam Corporation today announced that it has secured $26 million in growth capital from the environmentally-focused private equity firm, NewWorld Capital Group, LLC, with participation from a Credit Suisse advised fund. The funding will go toward further product development and geographic expansion of the company’s key businesses, including Nu Flow Technologies, a leader in small-diameter infrastructure lining technologies, Specialized Pipe Technologies, a pipe-lining installation provider, Aquam Water Services, a leading UK company that provides critical water usage data to utilities, and Aquam Pipe Diagnostics, a global pipeline assessment and inspection specialist.
Aquam has acquired numerous specialized infrastructure companies in the last two years, including JD7, SPT, and Water Services. Aquam’s innovations to solve the most challenging infrastructure issues has also attracted many of the world’s largest utilities and won the firm several accolades, including the 2017 Water Industry Achievement Awards. This investment enables the company to scale its product and service offerings providing its expertise to a growing number of municipal and commercial customers worldwide.
“From Flint, Michigan’s ongoing lead contamination crisis, Houston’s unprecedented flooding due to Hurricane Harvey, and the 22 percent of water lost daily via pipe leakage in the UK due to centuries-old infrastructure, our imperative is to modernize the delivery of two of the world’s most critical resources – water and energy,” said Dan Squiller, CEO of Aquam. “This investment enables us to remedy toxic lead levels in drinking water, rehabilitate natural gas and water lines, and expand to address other systemic issues emerging around the world.”
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