KKR and XPV Grow Water Quality Platform with Acquisition of Environmental Dynamics International (EDI)
Jul 15, 2020
Completes First Add-on to Strategic Platform that includes Nexom and EOSi
A global strategic platform established by KKR and XPV Water Partners to provide end-to-end nutrient management solutions, announced the acquisition of Environmental Dynamics International, Inc. (“EDI”), a leading global manufacturer of diffused aeration systems.
The addition of EDI accelerates the growth of the water quality platform’s nutrient management offerings through Nexom, Inc. and Environmental Operating Solutions, Inc. (“EOSi”). In connection with the acquisition, EDI will integrate into Nexom, combining EDI’s expertise in serving medium- to large-scale treatment facilities – both in North America and internationally – with Nexom’s expertise in serving small- to medium-sized treatment facilities. As CEO of Nexom, Martin Hildebrand will lead the combined entities.
Founded in 1975 with its headquarters in Columbia, Missouri, EDI specializes in the research, development and application of advanced technology aeration and biological treatment solutions for municipal and industrial wastewater. EDI’s systems have been installed in over 7,000 facilities across 100 countries – benefiting more than an estimated 300 million people around the world.
“We are committed to scaling solutions to promote water quality and we look forward to collaborating with EDI’s management team and dedicated employees to deliver our resources, ideas and capital to unlock additional growth. Our ambition is for this acquisition to be the first of many as we expand our platform by teaming up with leading entrepreneurs, technologies and businesses across the sector,” said Robert Antablin of KKR Global Impact and David Henderson of XPV Water Partners.
Chuck Tharp, Founder of EDI, who will transition from CEO to an advisor role as part of the transaction, said: “In addition to being a great cultural fit for EDI, KKR and XPV’s water quality platform brings significant resources, expertise and passion to fuel our collective growth.”
For KKR, the investment is part of the Firm’s Global Impact strategy, which focuses on identifying and investing behind companies whose core business models provide commercial solutions that contribute measurable progress toward one or more of the United Nations Sustainable Development Goals. By reducing pollution and improving water quality, KKR’s platform is delivering measurable progress toward achieving the United Nations SDG #6 of ensuring the availability and sustainable management of clean water.
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds.
About XPV Water Partners
XPV Water Partners is comprised of experienced water entrepreneurs, operators, and investment professionals dedicated to make a difference in the water industry. Visit XPV Water Partners is comprised of experienced water entrepreneurs, operators, and investment professionals dedicated to make a difference in the water industry. Visit XPV Water Partners for more information.
Based in Winnipeg, Canada, Nexom provides proven technologies that enable new and existing wastewater treatment plants to meet their nutrient reduction targets. Nexom has developed or acquired seven biological or filtration based technologies, all of which are used for wastewater nutrient removal.
Based in Columbia, Missouri, EDI specializes in the research, development and application of advanced technology aeration and biological treatment solutions for municipal and industrial wastewater.
Based in Bourne, Massachusetts, EOSi provides non-hazardous and environmentally sustainable glycerin-based chemicals (“MicroC”) and technical services for biological nutrient removal applications in wastewater systems. EOSi offers strong product quality, technical support and service levels to plant operators at large, urban wastewater utilities and industrial clients.
More News and Articles
May 30, 2023
Trenchless contractor puts maintenance hole relining system through its paces
Civil and trenchless specialists M Tucker & Sons showcases its expertise through a UV lining project.
May 26, 2023
City of Toronto launches tunnel boring machine for stormwater tunnel and largest basement flooding prevention project
Today, the City of Toronto marked a major milestone for the Fairbank Silverthorn Storm Trunk Sewer System project, launching a tunnel boring machine that will work to construct a new storm sewer that will collect, store and move stormwater from …
May 24, 2023
Global Water and Wastewater Utilities Take Aim at Climate Change
New Survey of 100 Utilities Tracks Net-Zero Progress: 75% of Respondents to Reduce Greenhouse Gas Emissions by 2040
May 22, 2023
Regional San’s monumental wastewater treatment plant expansion project delivered ON schedule and UNDER budget
The EchoWater Project, one of the largest public works projects in the Sacramento region’s history, takes wastewater treatment to a whole new level
May 19, 2023
Haliotis 2: Wastewater recovery and treatment complex
In April the future, next-generation wastewater recovery and treatment complex for the Métropole Nice Côte d’Azur “Haliotis 2” was presented. Christian Estrosi, Mayor of Nice, President of the Métropole Nice Côte d’Azur and Deputy President of the Région Provence-Alpes-Côte d’Azur …
May 17, 2023
Wrapping up the challenges in SA
In December 2022, Denso Australia completed the supply of a project involving the protection of 400 lineal metres of DN250 mild steel pipeline in Bolivar, South Australia.
May 15, 2023
New South Wales university receives network upgrade using SAERTEX-LINER® MULTI Type S+
Australian Pipeline Management (APM) has successfully relined three separate pipelines running under a university in Sydney with UV cured-in-place technology from SAERTEX multiCom® GmbH.
May 12, 2023
IMPREG continues to invest in Australian and NZ market
With increasing demand of IMPREG’s unique UV pipe solution, the German company continues to invest in the Australian and New Zealand market.
May 10, 2023
Yonge Street Project Combines Trenchless Rehab and New Install Practices
In the fall 2020, the Regional Municipality of York initiated a project to rehabilitate a 127 m long concrete box culvert under Yonge Street. The Region retained Jacobs Engineering to provide design and construction support services.
May 08, 2023
Climate adaption solutions for the water sector in the German-Danish border area
More than 60 participants met in Kolding, Denmark, from March 23 to 24 for the final conference of the INTERREG-Project NEPTUN. In the frame of this project, more than 40 partners elaborated 15 specific climate adaption solutions for the water …
May 05, 2023
Primus Line® flies the flag for trenchless solutions in sensitive locations
Primus Line has illustrated the benefits of trenchless technology for pipeline rehabilitation in culturally sensitive areas during two installations for one of the world’s leading mining companies.
May 03, 2023
Optimising chemical dosing in a challenging operating climate
Rising operating costs and tightening regulations are presenting major challenges for wastewater treatment plant operators, but better optimisation of chemical dosing can drive efficiencies, says Adeel Hassan, product manager at Watson-Marlow Fluid Technology Solutions.
9 West 57th Street, Suite 4200
10019 New York
+1 121 750 8300