KKR AND XPV GROW WATER QUALITY PLATFORM WITH ACQUISITION OF ENVIRONMENTAL DYNAMICS INTERNATIONAL (EDI)
Completes First Add-on to Strategic Platform that includes Nexom and EOSi
New York – June 23, 2020 – A global strategic platform established by KKR and XPV Water Partners to provide end-to-end nutrient management solutions, today 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. (“Nexom”) 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.
“Adding EDI to our platform is an incredible strategic fit. I look forward to working closely with the employees of EDI to grow the combined business,” said Martin Hildebrand, CEO of Nexom.
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. 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. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
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. XPV invests in and actively supports water-focused companies to enable them to grow and deliver value for all stakeholders. XPV manages over $400 million USD in investment capital from institutional investors in North America, Europe and Asia. For more information, visit www.xpvwaterpartners.com.
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. Nexom benefits from a strong portfolio of products with technical differentiation in certain use cases and a portfolio of references (700+ successful installations).
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. Founded in 1975, EDI is one of the leading manufacturers of diffuser aeration systems in the U.S. and globally with over 7,000 installations across 100 countries.
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.
Advancing the science of cold climate wastewater treatment is important to the fulfillment of the Nexom vision, and a recent study published in the prestigious journal Chemosphere by a team including Nexom Research & Development Engineer Dr. Pouria Jabari does just that.
“Nexom remains open for business even as our employees’ and customers’ safety remains our first priority.“ A message from our CEO, Martin Hildebrand.
NEW YORK – December 3, 2019 – KKR, in partnership with XPV Water Partners, today 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….
Hunter Crown awards “2018 Best Workplace” for Wastewater category to Nexom.
Award based on qualitative and quantitative analysis of employee survey.
Nexom has won this award in both years it has been presented.
Hunter Crown is a water-focused executive search partner based in Frederick, MD.
Nexom is the most exciting organization I’ve ever worked for. Led by a wonderful group of people who truly care about the team, and staffed by an incredible community of people that go the extra mile for one another.
WINNIPEG, Manitoba – Nexom CEO Tom Pokorsky today announced the successful acquisition of BioPortz™ Moving Bed Biofilm Reactor (MBBR) system from Entex Technologies, Inc. The acquisition will allow Nexom, a leading provider of wastewater processing technologies, to broaden its biological treatment portfolio in support of its diverse, growing customer base.
- Nexom acquires assets of Blue Water Technologies.
- Blue Water a specialist in tertiary sand filters and primary pre-screening.
- Nexom a wastewater treatment technologies leader for lagoons and filtration.
- Nexom now operating from offices in Winnipeg MB, Grafton WI, and Hayden ID.
- New wastewater company led by CEO Thomas M. Pokorsky and President Martin Hildebrand.
- Company formed to be leader in nutrient removal and energy and operating efficiency.
- Created from Winnipeg-based Nelson Environmental Inc., founded in 1997.
- Nexom purchased cloth disk filtration technology; more acquisitions in progress.