Aquam Corporation, a San Diego, CA-based provider of risk mitigation technologies for water and energy transmission and distribution assets, secured $26m in growth financing.
The round was led by environmentally-focused private equity firm NewWorld Capital Group, with participation from a Credit Suisse advised fund.
The company intends to use the funds for further product development and geographic expansion of its businesses.
Led by Dan Squiller, CEO, Aquam is a global provider of water and energy distribution infrastructure health and longevity, ensuring access to vital resources for utility, commercial and residential markets. Its proprietary water and energy technologies assess, clean and remediate to resolve aging infrastructure & water scarcity issues. The Aquam family of companies include:
– Nu Flow Technologies, a developer of small-diameter infrastructure lining technologies,
– Specialized Pipe Technologies, a pipe-lining installation provider,
– Aquam Water Services, a UK company that provides critical water usage data to utilities, and
– Aquam Pipe Diagnostics (formerly JD7), a global pipeline assessment and inspection specialist.
The company’s services are available in North America, South America, Europe, Africa, Australasia and the Middle East.