Water M&A news by XP3R. Axius Water announced today that it has acquired Colorado-based Triplepoint Environmental, a leading supplier of wastewater lagoon systems for rural communities. Axius Water is a portfolio of businesses focused on improving the effectiveness of water and wastewater treatment for industrial and municipal customers. The acquisition of Triplepoint complements Axius Water’s established expertise in nutrient management and further expands the company’s capabilities in lagoon technology.
Founded in 2007, Triplepoint provides high-performing, high-value lagoon solutions for industrial and municipal customers across the U.S. and Canada. Triplepoint’s innovative lagoon technologies, including its flagship Ares Aerator solution, utilize existing infrastructure to ease the financial burden of upgrades while reinventing lagoons to meet new, more stringent effluent limits.
According to Chris McIntire, Axius Water CEO, “Our experts in biology and chemistry develop solutions that leverage existing assets to remove more contaminants and clean more water across the water cycle. The addition of Triplepoint as part of the Axius Water platform significantly bolsters our nutrient management capabilities and we are thrilled to welcome Patrick Hill and Brady Galbreath-O’Leary to our leadership team. Together with our experts at Nexom and EDI, we are expanding our depth and breadth of reliable lagoon solutions that we will deliver to customers around the world.”
Triplepoint will retain its Colorado headquarters and continue to operate under its existing brand as part of the Axius Water portfolio of businesses. Patrick Hill and Brady Galbreath-O’Leary, Co-Founders of Triplepoint, will join the Axius Water leadership team as General Managers responsible for Triplepoint’s day-to-day operations.
According to General Managers Patrick and Brady, “Since its inception, Triplepoint has specialized in serving customers in small, rural communities that rely on their lagoons by providing novel solutions that meet current regulations. Our customers depend on us to provide the best, most cost-effective treatment solution, and we take this responsibility very seriously.”
Axius Water’s acquisition of Triplepoint will provide the business with additional resources to continue driving innovation to serve communities of all sizes and across types of climates. As part of the Axius Water platform, Triplepoint will have access to an expanded suite of best-in-class water and wastewater solutions and be able to reach a greater number of rural communities in North America.
Triplepoint, EDI and Nexom, will share nutrient management expertise to improve their offerings and continue to work alongside fellow Axius Water businesses including ATAC Solutions, EDI (Environmental Dynamics International), EOSi (Environmental Operating Solutions), Napier-Reid and Nexom.
About ATAC Solutions Ltd.
ATAC Solutions Ltd. is a leading UK environmental services company specializing in wastewater services and wastewater equipment on a capital purchase or hire basis. ATAC designs, manufactures, installs, and commissions a large range of process equipment and bespoke process technologies from its BS EN ISO 9001 and ISO 14001 quality standard accredited facility in Maidstone, Kent. atacsolutions.com
About EDI (Environmental Dynamics International, Inc.)
Founded in 1975, EDI designs, manufactures, and installs custom high-efficiency diffused aeration systems for which it also provides maintenance and parts support. Customers are served through several international offices, a UK manufacturing and distribution center, and a wide network of local independent partners. Research and development, engineering, design, manufacturing, and a sales center are located in Columbia, Missouri. wastewater.com
About EOSi (Environmental Operating Solutions, Inc.)
Based in Pocasset, Massachusetts, EOSi provides proprietary nonhazardous and environmentally sustainable liquid organic chemicals (MicroC®) and technical services for biological nutrient removal applications in wastewater systems. EOSioffers strong product quality, technical support, and service levels to plant operators at municipal and industrial wastewater treatment facilities of all sizes. microc.com
About Napier-Reid
Napier-Reid is a leading supplier of engineered water and wastewater treatment systems located in Markham, Ontario, Canada. Since its inception in 1950, Napier-Reid had completed over 3,000 water and wastewater treatment contracts for both municipal and industrial clients in more than 40 countries. napier-reid.com
About Nexom
Based in Winnipeg, Manitoba, Nexom provides engineers and operators with turnkey biological, filtration, and lagoon-based technology solutions for nutrient removal and cleaner water. At more than 800 installations worldwide, operators utilize proprietary Nexom technologies to achieve regulatory compliance of pollutants, including ammonia, phosphorus, nitrate, biological oxygen demand (BOD), and wastewater reuse, particularly in cold climates. nexom.com
About Axius Water
Axius Water was founded in 2019 by KKR’s Global Impact Fund, in partnership with XPV Water Partners. Axius’ differentiated products and services improve the effectiveness of the wastewater treatment process, thereby measurably improving the quality of treated water. The platform is expanding globally as it builds a diversified portfolio of operating companies that offer leading solutions that improve the overall wastewater management processes. For additional information about Axius Water, please visit www.axiuswater.com.