Investment Summary

XPV Water Partners Invests In SmartCover Systems

On January 1, 2016, growth capital firm XPV Water Partners invested in environmental company SmartCover Systems

Investment Highlights
  • This is XPV Water Partners’ 3rd transaction in the Environmental sector.
  • This is XPV Water Partners’ 4th transaction in the United States.
  • This is XPV Water Partners’ 1st transaction in California.

Investment Summary
Date 2016-01-01
Target SmartCover Systems
Sector Environmental
Investor(s) XPV Water Partners
Deal Type Growth Capital

Target

SmartCover Systems

Escondido, California, United States
SmartCover Systems engages in remote monitoring of sewer collection systems to help predict, detect and prevent sewer spills. Their remote devices can be quickly installed without confined space entry requirements for utility staff and can also be used to optimize collection system cleaning programs, detect I&I and monitor combined sewer overflows. SmartCover Systems is based in Escondido, California.

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Investor(S) 1

Investor

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 4 of 11
Sector (Environmental) 3 of 5
Type (Growth Capital) 3 of 8
State (California) 1 of 1
Country (United States) 4 of 9
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-28 Soli Organic

Harrisonburg, Virginia, United States

Soli Organic provides fresh cut and living farmed herbs to the customers who supply the kitchens and tables of the American family. Soli Organic was founded in 1989 and is based in Harrisonburg, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-16 Mobiltex Data

Calgary, Alberta, Canada

Mobiltex Data is a developer of IoT devices and data analytics software for the monitoring of pipelines and other critical infrastructure assets. Their remote monitoring systems provide immediate and accurate data about the effectiveness of corrosion protection systems, eliminating the need to dispatch utility staff to often dangerous and remote locations while streamlining regulatory reporting. Mobiltex Data is based in Calgary, Alberta.

Buy -
Mergr

Product

Company

Legal