Investment Summary

Bain Capital Double Impact Invests In AqueoUS Vets

On January 26, 2022, private equity firm Bain Capital Double Impact invested in utilities company AqueoUS Vets

Investment Highlights
  • This is Bain Capital Double Impact’s 1st transaction in the Utilities sector.
  • This is Bain Capital Double Impact’s 15th transaction in the United States.
  • This is Bain Capital Double Impact’s 2nd transaction in California.

Investment Summary
Date 2022-01-26
Target AqueoUS Vets
Sector Utilities
Investor(s) Bain Capital Double Impact
Deal Type Growth Capital
Advisor(s) Raymond James - Investment Banking (Financial)
Taft Stettinius & Hollister (Legal)

Target

AqueoUS Vets

Redding, California, United States
AqueoUS Vets is a provider and servicer of water treatment systems that address long-standing and emerging contaminants in the U.S. water infrastructure. The Company offers a turnkey approach to building, installing, and servicing custom water treatment systems that leverage advanced design technology and ensure long-term operational reliability. AV currently treats an estimated 168 million gallons per day for local, state, and federal government entities with more than 290 million gallons per day of treatment capacity in production, including the Los Angeles Department of Water & Power, Orange County Water District, and the City of Anaheim in California, as well as private industrial and commercial customers. AqueoUS Vets was founded in 2015 and is based in Redding, California.

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Investor(S) 1

Investor

Bain Capital Double Impact

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Bain Capital Double Impact is the social and wellness investment arm of Bain Capital. The Firm looks to invest in mission-driven companies that deliver both competitive financial returns and meaningful, measurable social and environmental good. Bain Capital Double Impact is based in Boston, Massachusetts.

DEAL STATS #
Overall 16 of 18
Sector (Utilities) 1 of 1
Type (Growth Capital) 7 of 7
State (California) 2 of 2
Country (United States) 15 of 17
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 athenahealth

Boston, Massachusetts, United States

athenahealth is a provider of Internet-based business services for physician practices. The Company's service offerings are based on proprietary web-native practice management and electronic health record (EHR) software, a continuously updated payer knowledge-base, integrated back-office service operations, and live patient communications services. athenahealth was founded in 1997 and is based in Boston, Massachusetts.

Buy $17.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Meteor

Gainesville, Florida, United States

Meteor is a mission-focused company committed to accelerated engagement and transformed learning experiences for educators, students, and communities. The company has helped more than 1,000 K-12 school districts design and create high-impact prosocial learning environments that promote collaborative educational experiences. It focuses on integrating best practices for teaching and learning that successfully foster modern learning environments and increase student achievement. Meteor Education was founded in 1967 and is based in Gainesville, Florida.

Buy -
Mergr

Product

Company

Legal