"We see a compelling and timely opportunity to assemble a suite of complementary technologies addressing the key pain points of nutrient management and energy efficiency in wastewater treatment." - David Henderson, XPV Water Partners
Winnipeg, Manitoba and Grafton, Wisconsin (PRWEB) August 04, 2016
Today, CEO Thomas M. Pokorsky and President Martin Hildebrand introduced Nexom, a new company created with an investment from XPV Water Partners to address some of the most pressing needs in wastewater management.
“Nexom’s vision is to lead the increasingly important nutrient control segment of wastewater treatment,” said Mr. Pokorsky, “delivering critical energy and operating efficiencies along with environmental compliance. We will be combining a number of experienced and growing companies offering innovative and reliable technologies to provide the highest level of customer responsiveness in the industry.”
The US Environmental Protection Agency has identified nutrient pollution as “one of America’s most widespread, costly, and challenging environmental problems.” Excessive releases of phosphorus, nitrogen, and other nutrients are causing a rise in toxic algae blooms around the world. For example, a record harmful bloom in Lake Erie last year prompted the Governments of Canada and the US to announce a 40% phosphorus reduction target for the Great Lake, recognizing “the urgency and magnitude of the threat to Lake Erie water quality and ecosystem health,” according to Canada’s Minister of Environment and Climate Change earlier this year.
Nexom’s formation began in January 2016 with the acquisition of Nelson Environmental. Nelson was led by Mr. Hildebrand since its formation in 1997, focusing on proprietary technology in nutrient removal as well as aeration and biological treatment, including its proprietary and differentiated SAGR® aeration system. XPV Water Partners, Mr. Hildebrand, and Mr. Pokorsky form Nexom’s ownership group.
Mr. Pokorsky has run water-sector businesses from start-up to $350 million in revenue, including ITT Industries’ Advanced Water Treatment group, Sanitaire, now part of Xylem Inc. Most recently, he was Executive in Residence with XPV Water Partners. Over his 40 years in the industry, he has led or been actively involved in more than 15 mergers and acquisitions.
Mr. Hildebrand has more than 20 years’ experience in the water and wastewater industry, successfully leading a start-up company to becoming a profitable, leading technology firm in the wastewater sector.
“With Nexom, we will be able to rapidly scale to add additional technologies to our core platform,” said Mr. Hildebrand. “Our priority is maintaining the trust our existing customers and corporate partners place in us, but expanding this to a broader range of markets.”
Nexom is backed by XPV Water Partners, the leading growth equity investor focused exclusively on the water sector. “We see a compelling and timely opportunity to assemble a suite of complementary technologies addressing the key pain points of nutrient management and energy efficiency in wastewater treatment,” said Mr. David Henderson, Partner. “XPV is excited to partner with an exceptional management team to execute on this strategy.”
Nexom has already completed the acquisition of a proven, specialized cloth disk filtration technology with the ability to provide tertiary treatment as well as phosphorus removal meeting stringent wastewater discharge regulations. A number of additional acquisitions are currently in progress or being initiated. The new company will maintain operations in Canada and the US, through its offices in Winnipeg, Manitoba, and Grafton, Wisconsin.
Nexom is a wastewater treatment leader, focused on bringing innovative and proven technologies to market for improved nutrient removal and increased energy and operational efficiency.
As rising pressure from nutrient limits and energy costs expose the limitations of existing wastewater solutions, consulting engineers and end customers need new tools they can trust. Through a rigorous proving process and pre-project support that produces final design-ready drawings, Nexom makes best-value technology solutions accessible so engineers can confidently exceed the demands of any municipality or industry.
ABOUT XPV WATER PARTNERS
XPV Water Partners is comprised of experienced water entrepreneurs, operators, and investment professionals dedicated to making a difference in water. XPV partners with, invests in, and actively supports entrepreneurial companies so they can grow and deliver value for all stakeholders. XPV manages over $400 million in investment capital from some of the top institutional investors in North America, Europe, the Middle East, and Asia.
The XPV family of portfolio companies is making a difference in water both by driving more efficient management of the world’s most critical resource and by creating significant shareholder value that can help move the industry forward.