KKR and XPV Water Partners Form New Platform to Promote Water Quality
Jan 07, 2020
KKR, in partnership with XPV Water Partners, announced the formation of a wastewater treatment platform with the goal of creating the leading provider of end-to-end nutrient management solutions for municipal and industrial wastewater treatment facilities.
Through the foundational acquisitions of Environmental Operating Solutions, Inc. (“EOSi”) and Nexom, Inc. – two providers of nutrient management technologies – the platform aims to address nutrient contamination of water globally by building a diversified and growing portfolio of leading solutions.
Over the past 50 years, agricultural runoff from increased use of fertilizers, stormwater runoff from more development and rainfall, and wastewater effluent from municipal and industrial plants have combined to produce a concentration of nutrients in downstream water bodies.
Excess nutrients can cause eutrophication and subsequent toxic algae blooms, resulting in loss of aquatic life, human health concerns and other environmental and economic damage. The Environmental Protection Agency has named nutrient pollution “one of America’s most widespread, costly and challenging environmental problems,” with 53% of rivers, 71% of lake acres, 79% of estuary square miles and 98% of great lakes shoreline miles classified as impaired.
“We are pleased to be working with XPV to scale solutions to water pollution. XPV is a thought leader in the water sector with deep connectivity across key stakeholders. Together, we are focused on expanding this platform to promote water quality,” said Robert Antablin and Ken Mehlman, Co-Heads of KKR Global Impact.
“The challenges associated with nutrient management are compounding every year. We view the formation of this platform as a game-changing next step in our strategy: to build a global end-to-end supplier of the products and services that municipal and industrial operators need to solve nutrient management challenges. We look forward to continuing this journey with the EOSi and Nexom teams, alongside KKR, to help drive the next phase of growth of this exciting new platform,” said David Henderson, Partner, XPV Water Partners.
For KKR, the investment is part of the Firm’s Global Impact strategy, which is focused 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, this newly created platform will deliver measurable progress toward achieving the United Nations SDG #6, ensuring the availability and sustainable management of clean water.
The platform is the fifth investment out of KKR’s Global Impact strategy, following investments in Burning Glass, KnowBe4, Ramky Enviro Engineers Limited and Barghest Building Performance. Over the last decade, KKR has been a leader in driving and protecting value throughout the firm’s private markets portfolio through thoughtful Environmental, Social and Governance (“ESG”) management, as well as measuring and reporting on performance to the public and investors.
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. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies.
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 superior product quality, technical support and a high level of service to municipal and industrial wastewater treatment plant operators.
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 to treat wastewater to meet exceedingly strict discharge standards.
More News and Articles
Jul 07, 2020
Leisure and tourism businesses with onsite wastewater treatment plants are being offered guidance to ensure equipment is powered back up safely, as lockdown restrictions ease and premises begin to reopen doors. Following the UK government’s announcement that businesses can reopen …
Jul 06, 2020
Two leading organisations in the water industry are collaborating on webinars to demonstrate global innovation taking place in the field of water resources management. In a first for the sector, British Water is partnering the International Water Association (IWA) through …
Jul 03, 2020
Annual Water Quality Report Highlights Pennsylvania American Water’s Record of Surpassing Drinking Water Standards
The company provides water quality you can trust, and the results to prove it.
Jul 02, 2020
Banana Farms Producing for Dole Achieve Certification for High Performance in Water Management and Catchment
Dole is the first company in the banana industry to achieve the certification.
Jul 01, 2020
A portable, fully battery-operated and compact pipe crawler for inspections in 4’’ to 12’’ pipelines. The whole system is light enough for a single operator to pick it up, transfer it to a jobsite, run the inspection on the battery …
Jun 30, 2020
American Water and American Water Charitable Foundation, in collaboration with The Story Family Fund, have contributed an additional $400,000 over the past three months as part of a long-term commitment to the communities they serve.
Jun 29, 2020
British Water has published new technical guidance for users of packaged treatment plants which includes updated information on environmental regulatory standards and legislation.
Jun 26, 2020
Climate Change and Global Pandemic Highlight Water Industry’s Need for Greater Resilience Through Planning, Digital Water Programs
Black & Veatch: New Strategic Directions Report reflects critical role of data in ‘digital’ water systems.
Jun 25, 2020
British Water has welcomed the 2020-2025 Workforce Renewal & Skills Strategy launched by the Energy & Utilities Skills Partnership.
Jun 24, 2020
The Grease Contractors Association (GCA) has published simple steps that food service establishments (FSEs) can take to ensure grease management systems can immediately operate effectively and safely after a period of closure.
Jun 23, 2020
Each year, New Jersey American Water compiles its annual Water Quality Reports (also called Consumer Confidence Reports) for customers and other stakeholders, detailing the quality of water supplied by the company to each community served.
Jun 22, 2020
The head of the UK’s professional clothing trade association has assured the water industry it will do all it can to direct businesses to suppliers who are familiar with the sourcing and production of essential protective clothing during the Covid-19 …