Tue, 08 Oct 2019 11:00 am EDT
PITTSBURGH--(BUSINESS WIRE)--Evoqua Water Technologies (NYSE: AQUA) today announced a majority investment position in San Diego-based Frontier Water Systems, LLC. Frontier is a pioneer in the development of patented, engineered equipment packages for high-rate treatment and removal of selenium, nitrate and other metals from complex waste streams.
Waste discharge from processes that contain metals and minerals require removal of these contaminants prior to discharge into the environment. Frontier delivers a biological process that safely removes these metals in a proprietary, modular bioreactor.
“We are excited to deepen our partnership with Frontier, as together we help solve the water treatment needs of our customers,” said Ron Keating, CEO of Evoqua. “Evoqua and Frontier have successfully partnered on numerous projects to ensure removal of selenium and other heavy metals from waste streams, giving our customers confidence in complying with strict regulatory limits. This investment follows our strategy to grow our portfolio of advanced wastewater treatment technologies and our commitment to sustainable solutions.”
“Frontier is very enthusiastic about this milestone in our partnership with Evoqua,” said James Peterson, co-founder and CEO of Frontier. “Evoqua’s leading market position and operational resources, together with Frontier’s innovative technologies, position us to meet our customers’ growing wastewater challenges.”
About Evoqua Water Technologies
Evoqua Water Technologies is a leading provider of mission critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across nine countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life®.
About DESOTEC
DESOTEC, founded in 1990, is the leading European provider of mobile filtration solutions through a unique and circular service concept, which helps protect the planet by enabling clean water, air, and soil. DESOTEC's customer base is constantly growing thanks to a strong focus on 24/7 service and a commitment to design and deliver the best solution in close dialogue with the customer. Through in-depth expertise of industrial applications and continuous investment in mobile filters, reactivation capacity and well-positioned hubs, DESOTEC ensures that the industry can meet the increasing regulations for a better and cleaner environment. Private equity funds managed by Blackstone acquired DESOTEC in 2021. Further information is available at www.desotec.com.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $951 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com.
