XPV Water Partners

XPV Water Partners, established in 2006, is a Toronto-based impact investment firm focused on the water sector. Comprising experienced water entrepreneurs, operators, and investment professionals, the firm invests in water and utility enterprises across North America, Europe, the Middle East, and Asia, aiming to make a positive difference in the water industry.

Adam Bates

Investment Vice President

Andrew Chung

Investment Associate

Sean Connor

CFO

Tom Howell

Investment Vice President

Julia Magahey

Investment Analyst

Sam Saintonge

Investment Partner

Spencer Timm

Partner

Past deals in Water

Nexom

Acquisition in 2019
Nexom Inc. specializes in manufacturing wastewater treatment technologies tailored for consulting engineers, municipalities, and industrial clients. Established in 1997 and headquartered in Winnipeg, Canada, Nexom focuses on delivering innovative solutions that enhance nutrient removal and boost energy and operational efficiency. As the demand for advanced wastewater solutions grows due to stricter nutrient limits and rising energy costs, Nexom provides reliable technologies designed to meet these challenges. The company supports its clients through a thorough proving process and offers pre-project assistance, which includes the provision of final design-ready drawings. This comprehensive approach allows consulting engineers and end customers to confidently adopt best-value technology solutions that fulfill the requirements of both municipal and industrial applications.

Metron Farnier

Venture Round in 2019
Metron Farnier is a water meter company that offers metering solutions to utilities. Their metering and technology products can deliver information on water usage far beyond billing data and volume consumption. They offer strainer spools, antennas, spectrum meter, and hydrant meter.

Aquatic Informatics

Acquisition in 2017
Aquatic Informatics Inc. is a software solutions provider specializing in water data management and analysis for the environmental monitoring industry. Founded in 2003 and based in Vancouver, Canada, the company caters to a diverse clientele, including hydropower operators, watershed authorities, irrigation districts, mining companies, academic institutions, and various government agencies. Its product offerings include AQUARIUS Workstation, which provides data processing tools, and AQUARIUS Server, a centralized data management platform for water agencies. Additionally, Aquatic Informatics offers data acquisition systems such as EnviroSCADA for supervisory control and Sample Tracking and Receiving System for lab sample collection. The company is recognized for its innovation in environmental data management, serving clients from hydrologists to water resource managers in North America and beyond, with partnerships established with organizations like Environment Canada, the US Geological Survey, and various international agencies. As of July 2020, Aquatic Informatics operates as a subsidiary of the Danaher Water Quality Platform.

Environmental Operating Solutions

Acquisition in 2017
Environmental Operating Solutions, Inc. specializes in the manufacture of environmentally friendly chemicals designed for biological contaminant removal in water and wastewater treatment systems. Established in 2003 and based in Bourne, Massachusetts, the company offers a range of proprietary products, including the MicroC series, which consists of carbohydrate-based, glycerin-based, and alcohol-based solutions tailored for various applications, such as nitrogen and selenium removal. In addition to its chemical products, Environmental Operating Solutions provides comprehensive technical services, including performance monitoring, process optimization, and diagnostic process analysis, aimed at enhancing the efficiency of wastewater treatment facilities. Their offerings are utilized by a diverse clientele, including municipal wastewater treatment plants, industrial facilities, and environmental remediation sites across the United States, Canada, and beyond. The company's commitment to sustainable practices is reflected in its focus on cost-effective solutions that convert pollutants into harmless byproducts.

SmartCover Systems

Venture Round in 2016
SmartCover Systems specializes in real-time remote monitoring solutions for water and wastewater industries. Its flagship product, SmartCover, provides wireless communications, continuous level sensing, alarm settings, web-based interface, and data analysis to prevent stormwater overflows and optimize maintenance. The company's innovative technology enables utilities to gain collection system visibility and make data-driven decisions.

Organica Water

Series C in 2015
Organica Water, Inc. is a wastewater design-build company that specializes in innovative solutions for the treatment and recycling of wastewater. Founded in 1998 and headquartered in Budapest, Hungary, the company has evolved from its initial focus on the Hungarian market to become a global leader in Fixed-Bed Biofilm Activated Sludge technology. Organica offers a range of products and services that allow clients to construct and manage space-efficient biological wastewater treatment plants, which seamlessly integrate into urban and residential environments. Its offerings include the Organica Bluehouse, a pre-assembled wastewater treatment solution, and the Organica Biomodule, which supports the biofilm carrier for treatment processes. Additionally, the company provides operational supervision and process control software to enhance efficiency. With a diverse clientele that includes large municipalities and multinational corporations, Organica Water operates internationally, with locations in the United States, India, China, and Indonesia, and has established a strong presence with numerous operational references and ongoing projects worldwide.

FilterBoxx Water & Environmental

Private Equity Round in 2014
FilterBoxx Water and Environmental Corp. specializes in providing packaged potable water and wastewater treatment systems primarily for the Canadian upstream oil and gas industry. Established in 2001 and headquartered in Calgary, with an additional office in Stony Plain, the company offers a range of water treatment solutions, including granular filtration, reverse osmosis, and desalination, along with wastewater treatment products for industrial and municipal clients. FilterBoxx's offerings are tailored to meet the needs of various sectors, including mining, power generation, and oil sands, enabling efficient water reuse. The company also rents, services, and operates treatment facilities on a design-build-own-operate basis across Canada and the United States, serving diverse clients in remote locations.

BCR Environmental

Series B in 2013
BCR Environmental is a U.S.-based clean-technology company that specializes in the water and wastewater treatment sectors. The company has developed and patented innovative solutions designed to treat the effluent, or discharge water, and biosolids, the residual solids produced by water treatment plants. By offering services such as disinfection, stabilization, deodorization, and mass reduction of biosolid and organic waste, BCR Environmental aims to transform how municipalities manage these outputs. Their technology enables water treatment plant operators to avoid costly expansions while providing operational benefits, such as repurposing tanks for stormwater runoff and reusing water storage. This approach addresses the increasing demand for efficient and sustainable waste management solutions.

Isle Utilities

Venture Round in 2013
Isle Utilities is a consulting firm focused on accelerating the development and commercialization of clean technology, particularly in the water sector. The company offers a range of services, including business consulting, a water action platform, and investment services. Through a subscription-based model, Isle Utilities provides a technology approval group that helps organizations identify, screen, and adopt innovative technologies effectively. The firm addresses customer inquiries through various channels, including phone, email, and physical correspondence, ensuring responsive support and guidance for clients seeking to enhance their technological capabilities and sustainability initiatives.

Natural Systems Utilities

Series C in 2012
Natural Systems Utilities is a distributed infrastructure development and investment company based in Hillsborough, New Jersey, specializing in sustainable water and energy solutions. With over 28 years of experience in the water industry, the company serves four primary markets: municipal retrofit, industrial food and beverage, large community systems, and oil produced water. NSU employs a turnkey approach that encompasses design, construction, operation, and financing, allowing it to provide clients with effective and low-risk solutions for their water and energy resource needs. The company's team comprises researchers, scientists, engineers, builders, and asset managers who possess extensive expertise in various advanced technologies, including membrane bioreactors and anaerobic digestion. By focusing on water reclamation and reuse, NSU addresses challenges such as rising water costs and pollution while supporting eco-friendly initiatives for residential and commercial developers.

BCR Environmental

Series A in 2011
BCR Environmental is a U.S.-based clean-technology company that specializes in the water and wastewater treatment sectors. The company has developed and patented innovative solutions designed to treat the effluent, or discharge water, and biosolids, the residual solids produced by water treatment plants. By offering services such as disinfection, stabilization, deodorization, and mass reduction of biosolid and organic waste, BCR Environmental aims to transform how municipalities manage these outputs. Their technology enables water treatment plant operators to avoid costly expansions while providing operational benefits, such as repurposing tanks for stormwater runoff and reusing water storage. This approach addresses the increasing demand for efficient and sustainable waste management solutions.

FilterBoxx Water & Environmental

Venture Round in 2011
FilterBoxx Water and Environmental Corp. specializes in providing packaged potable water and wastewater treatment systems primarily for the Canadian upstream oil and gas industry. Established in 2001 and headquartered in Calgary, with an additional office in Stony Plain, the company offers a range of water treatment solutions, including granular filtration, reverse osmosis, and desalination, along with wastewater treatment products for industrial and municipal clients. FilterBoxx's offerings are tailored to meet the needs of various sectors, including mining, power generation, and oil sands, enabling efficient water reuse. The company also rents, services, and operates treatment facilities on a design-build-own-operate basis across Canada and the United States, serving diverse clients in remote locations.

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.

Aquatic Informatics

Venture Round in 2006
Aquatic Informatics Inc. is a software solutions provider specializing in water data management and analysis for the environmental monitoring industry. Founded in 2003 and based in Vancouver, Canada, the company caters to a diverse clientele, including hydropower operators, watershed authorities, irrigation districts, mining companies, academic institutions, and various government agencies. Its product offerings include AQUARIUS Workstation, which provides data processing tools, and AQUARIUS Server, a centralized data management platform for water agencies. Additionally, Aquatic Informatics offers data acquisition systems such as EnviroSCADA for supervisory control and Sample Tracking and Receiving System for lab sample collection. The company is recognized for its innovation in environmental data management, serving clients from hydrologists to water resource managers in North America and beyond, with partnerships established with organizations like Environment Canada, the US Geological Survey, and various international agencies. As of July 2020, Aquatic Informatics operates as a subsidiary of the Danaher Water Quality Platform.

LuminUltra Technologies

Venture Round in 2006
LuminUltra Technologies is a global provider of biological diagnostic tests and related reagents for environmental, industrial, and clinical monitoring. The company develops tests and reagents and offers testing kits for clinical diagnostics, surface testing, and wastewater analysis, helping clients pinpoint carriers and verify disinfection protocols. It maintains a worldwide customer base and an extensive partner network, and emphasizes practical training tools, data analysis assistance, and personalized technical support to customers and partners. LuminUltra focuses on continuous product innovation and strives to deliver reliable information and problem-solving capabilities to its users across regions from North America to Asia.

Newterra

Venture Round in 2006
Newterra, established in 1863 and headquartered in Brockville, Canada, specializes in decentralized water and wastewater treatment solutions. The company designs, manufactures, and supports a wide range of treatment systems for various industries, including industrial, military, mining, oil and gas, power generation, and land development sectors. Newterra's offerings encompass membrane bioreactor systems for wastewater treatment, remediation systems for contaminant removal, process water treatment solutions, and source water systems for potable and building applications. Additionally, they provide landfill equipment, air instruments, and odor control solutions. The company's unique selling proposition lies in its modular, redeployable systems that can be easily scaled and located virtually anywhere, opening up new possibilities for decentralized water treatment. Newterra also offers comprehensive services such as start-up assistance, maintenance contracts, and emergency repair services.
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