M&A Deal Summary

XPV Water Partners and KKR Acquire Axius Water

On December 3, 2019, growth capital firm XPV Water Partners and private equity firm KKR acquired environmental company Axius Water

Acquisition Highlights
  • This is XPV Water Partners’ 4th and KKR’s 7th transaction in the Environmental sector.
  • This is XPV Water Partners’ 8th and KKR’s 141st transaction in the United States.
  • This is XPV Water Partners’ 1st and KKR’s 5th transaction in Massachusetts.

M&A Deal Summary
Date 2019-12-03
Target Axius Water
Sector Environmental
Buyer(s) XPV Water Partners
KKR
Deal Type Consolidation

Target

Axius Water

Pocasset, Massachusetts, United States
Axius Water is a wastewater treatment platform that provides nutrient management solutions for municipal and industrial wastewater treatment facilities. Axius Water was founded in 2019 and is based in Pocasset, Massachusetts.

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Buyer(S) 2

Buyer

XPV Water Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2006
PE ASSETS 400M CAD
Size Middle-Market
Type Sector Focused
DESCRIPTION

XPV Water Partners is a specialist investor in businesses connected to and involved in water. The Firm looks to partner with and work alongside entrepreneurs and will consider opportunities throughout North America. XPV Water Partners dates back to 2006 and is based in Toronto, Ontario.

DEAL STATS #
Overall 10 of 11
Sector (Environmental) 4 of 5
Type (Consolidation) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 8 of 9
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 Metron-Farnier

Boulder, Colorado, United States

Metron-Farnier offers a full product line of high-performance residential and commercial water meters. The company’s residential metering solutions combine superior low-flow performance with high data resolution for advanced metering infrastructure (AMI). Metron-Farnier was founded in 1990 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-23 Environmental Dynamics International

Columbia, Missouri, United States

Environmental Dynamics International 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. Environmental Dynamics International was formed in 1975 and is based in Columbia, Missouri.

Buy -
Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 325 of 483
Sector (Environmental) 7 of 13
Type (Consolidation) 6 of 11
State (Massachusetts) 5 of 9
Country (United States) 141 of 210
Year (2019) 30 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 Masan MEATLife

Ho Chi Minh City, Vietnam

Masan MEATLife is a fully integrated branded meat platform, focused on driving productivity in Vietnam’s animal protein industry and ultimately directly serving consumers with traceable, quality, and affordable meat products. Masan MEATLife is based in Ho Chi Minh City, Vietnam.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-08 Metro Pacific Health

Pasig City, Philippines

Metro Pacific Health is an operator of private hospitals and healthcare network in terms of authorized bed capacity and revenue, with interests in 14 hospitals nationwide, including eight hospitals in Metro Manila. Metro Pacific Health also has interests in eight primary care clinics and eight cancer care centers, among other investments in allied healthcare services. Metro Pacific Health is based in Pasig City, Philippines.

Buy -
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