KKR and XPV Water Partners form wastewater treatment platform

Investment firm KKR and Canada's XPV Water Partners have established a platform to provide end-to-end nutrient management solutions for municipal and industrial wastewater treatment facilities.

Through the acquisitions of Environmental Operating Solutions Inc (EOSi) and Nexom Inc the platform aims to address nutrient contamination of water globally by building a diversified and growing portfolio of solutions.

Massachusetts-based EOSi provides non-hazardous and environmentally sustainable glycerin-based chemicals and technical services for biological nutrient removal applications in wastewater systems while Canada’s Nexom offers biological and filtration-based technologies that enable wastewater treatment plants to meet their nutrient reduction targets.

“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.

“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.

KKR’s investment is part of the company’s Global Impact strategy, which is focused on identifying and investing behind companies whose core business models provide commercial solutions that contribute measurable progress towards one or more of the United Nations Sustainable Development Goals.

XPV Water Partners, which invests in and actively supports water-focused companies., manages more than US$400 million in investment capital from institutional investors in North America, Europe and Asia.