XPV Water Fund II

XPV Water Fund II is a private equity growth-expansion fund managed by XPV Water Partners, a Toronto-based firm established in 2006. The fund focuses on making impact investments in the water sector, targeting companies that operate in various areas, including business products, services, commercial services, and information technology. XPV Water Partners is comprised of experienced professionals, including water entrepreneurs and operators, who are dedicated to addressing challenges in water management and utility enterprises across North America, Europe, the Middle East, and Asia. Through its investments, the fund aims to support innovative solutions that contribute to sustainable water practices and enhance the efficiency of water-related services.

Adam Bates

Investment Vice President

Heidi Blumenthal

Investment Associate

John Coburn

Operating Partner

Sean Connor

CFO

Debra Coy

Partner

Esther Doss

Communication Director

Adam Hamovitch

Talent Principal

David Henderson

Founder & Managing Partner

Tom Howell

Investment Vice President

Tehsin Ladha

Portfolio Performance VP

Khalil Maalouf

Investment Partner

Dan McClean

Business Development Associate

Heramb Ramachandran

Chief Financial Officer

Samuel Saintonge

Investment Partner

Sam Saintonge

Investment Partner

Tyler Van Schoonhoven

Investment Associate

Spencer L. Timm

Partner

26 past transactions

Soli Organic

Venture Round in 2021
Soli Organic is a company that specializes in the cultivation, packing, and shipping of fresh organic culinary herbs. Founded in 1989 and headquartered in Harrisonburg, Virginia, it operates a production facility in Jefferson, Georgia. Soli Organic offers a diverse range of products, including various herbs such as basil, cilantro, dill, mint, and thyme, as well as herb blends and microgreens. The company provides a year-round supply of these organic herbs to grocery stores, enabling consumers to enjoy locally sourced, flavorful ingredients throughout the year. In addition to its agricultural operations, Soli Organic also offers refrigerated transportation services to ensure efficient delivery. It primarily serves retailers across several states in the southeastern United States, including Georgia, Florida, and North Carolina.

Transcend Software

Series A in 2020
Trancend’s mission is to transform the way engineering firms, utilities, and technology suppliers assess and design critical infrastructure. Transcend was started to help transform the culture of these firms by providing software that automates the preliminary engineering of any kind of vertical asset. As these firms implement Transcend’s software it lowers costs, increases revenue (bid on more projects, faster, with more detail in less time), and frees up engineers to evaluate innovative technologies and sustainable design approaches, transcending the standard and sub-optimal solutions of years past.
Environmental Dynamics International (EDI) specializes in the development and application of advanced technology aeration and biological treatment solutions for municipal and industrial wastewater. The professionals and engineers at EDI provide the highest level of value-added service, technology transfer, process application, and system design support. EDI is a full-service organization and provides field contract services for equipment installation, start-up, and maintenance with demonstrated success in more than 7,000 installations in over 100 countries worldwide.

NEXOM

Acquisition in 2019
Nexom Inc. specializes in manufacturing wastewater treatment technologies aimed at consulting engineers, municipalities, and industrial clients. Established in 1997 and headquartered in Winnipeg, Canada, the company has evolved from its former name, Nelson Environmental Inc., which it adopted in January 2016. Nexom focuses on providing innovative and reliable solutions for improved nutrient removal and enhanced energy and operational efficiency. As increasing nutrient limits and energy costs challenge traditional wastewater management methods, Nexom offers essential tools that enable engineers and end customers to confidently meet regulatory demands. The company supports its clients with a rigorous proving process and pre-project assistance, ensuring that technology solutions are both effective and ready for implementation. With a presence in North America and international markets, Nexom continues to lead the way in wastewater treatment innovation.

Holland Pump

Venture Round in 2019
Holland Pump Manufacturing, Inc. specializes in the manufacture, rental, and sale of portable dewatering pumps used across various sectors, including construction, mining, municipal, industrial, and irrigation applications. The company's product offerings include submersible pumps, rotary wellpoint pumps, axial flow pumps, high-pressure pumps, and suction pumps, along with rotary lobe pump ends and essential accessories such as tanks and filters. In addition to its manufacturing capabilities, Holland Pump provides rental services for various types of pumps and engages in the repair and service of existing equipment. Founded in 1978 and headquartered in Brunswick, Georgia, the company has multiple locations throughout Florida, South Carolina, Virginia, and Maryland, allowing it to effectively serve a diverse clientele and facilitate project completion with efficiency.

Metasphere

Venture Round in 2018
Metasphere Ltd manufactures remote telemetry systems for remote monitoring and control. The company manufactures Point Green, a data logger telemetry unit for automatic data collection; MM-IM, an outstation remote telemetry unit and programmable logic controller system; Point Colour ultrasonic water level sensor, a digital echo processing equipment for solids or liquids; MM-IM modem cables; and Point Colour remote telemetry unit cable. Its products are used in water networks, water waste networks, gas networks, and commercial and public enterprises for remote monitoring and maintenance. The company was founded in 2006 and is based in Tadworth, United Kingdom.

Mobiltex Data Ltd

Acquisition in 2018
Mobiltex Data Ltd is a private company based in Canada that specializes in remote cathodic monitoring. Since its establishment in 1991, the company has developed its SMC2 interrupter RTU and has built a comprehensive range of field-proven cathodic devices, notably within its corTalk® product line. All aspects of product engineering, electronic design, software development, and manufacturing are conducted in-house, ensuring high-quality and reliable solutions for the cathodic protection industry.

Aquatic Informatics

Acquisition in 2017
Aquatic Informatics Inc. specializes in software solutions for water data management and analysis, primarily serving the environmental monitoring industry. Founded in 2003 and based in Vancouver, Canada, the company caters to a diverse clientele that includes hydropower operators, watershed authorities, irrigation districts, mining companies, academic institutions, and various government departments at federal, state, and local levels. Its key products include the AQUARIUS Workstation, which offers data processing tools, and the AQUARIUS Server, a centralized platform for water agencies. Additionally, Aquatic Informatics provides data acquisition systems like EnviroSCADA and sample tracking solutions. The company is recognized for its innovation in managing large volumes of hydrologic and water quality data, serving clients in North America and globally, including notable organizations such as the US Geological Survey and Environment Canada. As of July 2020, Aquatic Informatics operates as a subsidiary of the Danaher Water Quality Platform.
Environmental Operating Solutions, Inc. (EOSi) creates agriculturally-derived products to remove the pollutant nitrogen from wastewater. Our proprietary MicroCâ„¢ Premium Carbon Sources were designed to safely and cost effectively reduce nitrogen by converting it to water and harmless gases.

SmartCover

Venture Round in 2016
SmartCover Systems, Inc. develops advanced monitoring solutions for the water and wastewater industries, offering systems that enhance visibility and response capabilities for utility teams. The company’s flagship product, SmartCover, provides real-time remote sensing, wireless communications, and a web-based interface for continuous monitoring and data analysis. Additionally, SmartCover offers SmartFLOE, which alerts personnel to potential overflow issues, and SmartTrend, a software tool that helps users anticipate overflow events. SmartRain RD integrates rainfall data with flow measurements to optimize monitoring. These technologies are utilized for stormwater management, overflow prevention, utility vault monitoring, and trend analysis, thereby improving operational efficiency and community protection. Founded in 2005 and based in Escondido, California, SmartCover Systems was previously known as Hadronex Inc. and rebranded in May 2015.

Organica Water

Series C in 2015
Organica Water, Inc. is a wastewater design-build company specializing in innovative solutions for the treatment and recycling of wastewater. Established in 1998, the company has evolved from a traditional operator in Hungary to a global leader in biological wastewater treatment technology. Organica offers a range of products and services, including design packages, operational supervision, and advanced process control software. Key offerings include the Organica Bluehouse, a pre-assembled and containerized wastewater treatment solution, and the Organica Biomodule, which serves as a biofilm carrier. Additionally, the Organica Scallop Discfilter effectively removes remaining suspended solids post-treatment. The company's Fixed-Bed Biofilm Activated Sludge system and Organica Food Chain Reactor address various wastewater treatment needs, catering to municipal, industrial, and commercial clients. With a presence in multiple countries, including Hungary, the United States, India, China, and Indonesia, Organica Water has built over 75 wastewater treatment plants and continues to expand its innovative solutions globally.

FilterBoxx

Private Equity Round in 2014
FilterBoxx Water and Environmental Corp. provides packaged potable water and wastewater treatment systems to the Canadian upstream industry. It offers water treatment systems, such as granular filtration, clarification, iron and manganese removal, reverse osmosis, ultrafiltration, nanofiltration, and desalination products, as well as water softeners and DAF systems. The company also provides wastewater-sewage treatment, and process and industrial wastewater treatment products. In addition, it offers skid mounted and/or containerized, portable, packaged water, and wastewater solutions. Further, the company provides industrial system packages for high strength BOD/COD removal, refractory organics removal, produced water treatment, oil/water separation, and heavy metals removal products. Furthermore, it rents, services, and operates water and wastewater treatment facilities on a design-build-own-operate basis in Canada and the United States. It serves industrial, municipal, resort, and aboriginal clients, as well as oil and gas customers operating in remote locations in Alberta, British Columbia, and the NorthWest Territories, Canada. FilterBoxx Water and Environmental Corp. was founded in 2001 and is based in Calgary, Canada with an additional office in Stony Plain.

Therma Flite

Venture Round in 2013
Therma-Flite, Inc. is an inventive manufacturer of engineered industrial products blending established technologies with innovative techniques, processes and methods to provide unique eco-friendly solutions to new markets. Thermal Processing Systems manufactured by Therma-Flite can be used for a wide range of applications, including recovery of ash from coal fired power plants, sludge treatment for sewage and other waste products, minerals and chemical products or food products. With the application of heat, the equipment can sterilize food products as well as contaminated soils and sludge. The equipment can remove water from slurry, sludge and filter cakes or separate solvents from polyethylene and other products, both synthetic and natural. This heritage of process diversity brings technology into the market with an emphasis on ease of operation, reliability and economy and has become a key competitive advantage for the Company

BCR Environmental

Series B in 2013
BCR Environmental is a U.S. based clean-technology company focused on the water and wastewater treatment industries. The Company has developed, patented, and installed industry-revolutionizing solutions that treat the primary output streams from water and wastewater plants; the effluent, which is the discharge water, and the biosolids, which are the residual solids.

Isle Utilities

Venture Round in 2013
Provider of consultancy services intended to accelerate the development and commercialization of clean technology. The company's services include a subscription-based service through a technology approval group, enabling companies to identify, screen, and adopt new and novel technologies efficiently.

Natural Systems Utilities

Series C in 2012
NSU is a distributed infrastructure development and investment company specializing in sustainable water and energy solutions. With over 28 years of innovation and leadership in the water industry, NSU is committed to delivering its expertise to four key markets: municipal retrofit, industrial food & beverage, large community systems, and oil produced water. By using an efficient turnkey design, build, operate, and finance approach, NSU provides clients within these markets with cost-effective, low-risk solutions to meet their water and energy resource needs. NSU's talented team of researchers, scientists, engineers, builders, plant operators, and asset managers have extensive knowledge in membrane bioreactors, constructed wetlands, anaerobic digestion, and other water and wastewater technologies. NSU forges the best practices of long-term operational management and innovative investment support. Natural Systems Utilities was founded in 1984 and is headquartered in Hillsborough, New Jersey, United States.

BCR Environmental

Series A in 2011
BCR Environmental is a U.S. based clean-technology company focused on the water and wastewater treatment industries. The Company has developed, patented, and installed industry-revolutionizing solutions that treat the primary output streams from water and wastewater plants; the effluent, which is the discharge water, and the biosolids, which are the residual solids.

FilterBoxx

Venture Round in 2011
FilterBoxx Water and Environmental Corp. provides packaged potable water and wastewater treatment systems to the Canadian upstream industry. It offers water treatment systems, such as granular filtration, clarification, iron and manganese removal, reverse osmosis, ultrafiltration, nanofiltration, and desalination products, as well as water softeners and DAF systems. The company also provides wastewater-sewage treatment, and process and industrial wastewater treatment products. In addition, it offers skid mounted and/or containerized, portable, packaged water, and wastewater solutions. Further, the company provides industrial system packages for high strength BOD/COD removal, refractory organics removal, produced water treatment, oil/water separation, and heavy metals removal products. Furthermore, it rents, services, and operates water and wastewater treatment facilities on a design-build-own-operate basis in Canada and the United States. It serves industrial, municipal, resort, and aboriginal clients, as well as oil and gas customers operating in remote locations in Alberta, British Columbia, and the NorthWest Territories, Canada. FilterBoxx Water and Environmental Corp. was founded in 2001 and is based in Calgary, Canada with an additional office in Stony Plain.

Generac Grid Services

Venture Round in 2010
Generac Grid Services, formerly known as ENBALA Power Networks Inc., operates a sophisticated energy-balancing platform that utilizes its proprietary Concerto software. This platform captures and aggregates customer loads, energy storage, and renewable energy sources, forming a network of controlled energy resources. By optimizing and dispatching these resources, Generac Grid Services addresses the real-time demands of the power system, providing solutions for utilities, energy service providers, grid operators, and energy consumers. The company, established in 2003 and based in North Vancouver, Canada, specializes in smart grid technology, ancillary services, and energy management, emphasizing a flexible approach to creating controllable and dispatchable energy resources.

EnviroTower

Venture Round in 2006
EnviroTower is a clean technology company that develops environmentally sustainable water technologies. It serves commercial, institutional, and industrial markets. The company offers EnviroTowertm water conditioning system for treating open water loops in commercial cooling towers and evaporative condensers. It also provides web-based monitoring and reporting of water treatment systems operation that facilitates real-time visibility of water treatment systems. EnviroTower was founded in 2004 and is based in Toronto, Canada.

Newterra

Venture Round in 2006
Newterra provides decentralized water and wastewater treatment solutions. Newterra is opening up new possibilities for decentralized water treatment with redeployable systems. Our modular “plug & play” solutions can be located virtually anywhere and be scaled up and down in parallel with capacity requirements.

Soli Organic

Venture Round in 2006
Soli Organic is a company that specializes in the cultivation, packing, and shipping of fresh organic culinary herbs. Founded in 1989 and headquartered in Harrisonburg, Virginia, it operates a production facility in Jefferson, Georgia. Soli Organic offers a diverse range of products, including various herbs such as basil, cilantro, dill, mint, and thyme, as well as herb blends and microgreens. The company provides a year-round supply of these organic herbs to grocery stores, enabling consumers to enjoy locally sourced, flavorful ingredients throughout the year. In addition to its agricultural operations, Soli Organic also offers refrigerated transportation services to ensure efficient delivery. It primarily serves retailers across several states in the southeastern United States, including Georgia, Florida, and North Carolina.

Aquatic Informatics

Venture Round in 2006
Aquatic Informatics Inc. specializes in software solutions for water data management and analysis, primarily serving the environmental monitoring industry. Founded in 2003 and based in Vancouver, Canada, the company caters to a diverse clientele that includes hydropower operators, watershed authorities, irrigation districts, mining companies, academic institutions, and various government departments at federal, state, and local levels. Its key products include the AQUARIUS Workstation, which offers data processing tools, and the AQUARIUS Server, a centralized platform for water agencies. Additionally, Aquatic Informatics provides data acquisition systems like EnviroSCADA and sample tracking solutions. The company is recognized for its innovation in managing large volumes of hydrologic and water quality data, serving clients in North America and globally, including notable organizations such as the US Geological Survey and Environment Canada. As of July 2020, Aquatic Informatics operates as a subsidiary of the Danaher Water Quality Platform.

LuminUltra Technologies

Venture Round in 2006
LuminUltra is a global firm with customers and sales network partners spanning from North America to Asia and all points in between. They work hard to help their customers gain more information and fix problems. They are innovators, striving continually to improve their products. They happily spend time providing straightforward training tools, data analysis assistance and accessible, personalized support to their customers and partners around the globe.
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