Headquartered in Camberley, Surrey, Clearwater serves a range of applications including food and beverage, pharmaceutical and industrial as well as the public sector. The business was founded in 1990 by CEO Guy Rowley.
As part of the transaction, Baird Capital managing director James Benfield will join the Clearwater board of directors.
“We are delighted to partner with the Clearwater team, and to provide capital and other resources to help support the business as it continues its impressive record of growth. The business is a leader in the expanding water treatment solutions market with an enviable technical reputation. Our strong sector knowledge and resources will help the company build on its position as a trusted provider of water services,” said Benfield.
“We are excited to work alongside Baird Capital in the water services space. Their global resources and sector expertise will be valuable as we focus on driving future growth,” and Clearwater’s Rowley.
Baird Capital, the direct investment arm of Robert W Baird & Co, makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. The company’s UK-based private equity team invests in UK lower middle market companies in the business services, industrial and healthcare sectors.