Capstone Headwaters, a leading middle market investment banking firm, advised Newterra Group Ltd. (“Newterra”), a global modular water treatment company, on its sale to Frontenac Company (“Frontenac”).
Newterra is a leading provider of modular treatment solutions for water, wastewater, and groundwater applications. Newterra’s comprehensive portfolio of brands include Cochrane, TIGG, Aeration Industries, StormwateRx, MicroClear Membranes, EPRO, and now Newterra. Newterra provides technologies that include deaerators, membrane filtration such as RO and UF, modular membrane bioreactors (MBRs) and potable water systems, sequential batch reactors (SBRs), surface aeration products, stormwater treatment, chemical treatment systems, and a host of remediation technologies including products related to PFAS and emerging contaminants removal.
“We have enjoyed strong growth in the past several years as we executed a number of key initiatives that expanded our customer base, product and service capabilities, and global reach,” said Tom Vossman, President & CEO of Newterra. “With Frontenac as our new partner, we are excited to continue our expansion plans, both organic and inorganic, as we execute on our strategic plan to be a major force in the growing decentralized water treatment market around the world.”
Tom Vossman continued, “Capstone Headwaters was an excellent partner to work with. Diligent, patient, focused, and determined are but a few attributes that highlight our experience with the team .... navigating the process through a very difficult year is a testimony to their capabilities and to the strength of their team.”
“We were privileged to advise Newterra along with its key shareholders XPV Water Partners and Angeleno Group on this transaction as Newterra represented a marquee investment for these investors,” said Samrat Karnik, Managing Director and Head of Water Sector Practice. “The transaction highlights the resiliency of the water sector as an investment opportunity and Capstone’s ability to navigate some of the most treacherous market conditions and logistical issues to successfully consummate transactions.” The advisory on the sale of Newterra continues build on Capstone’s long-running credentials for advising leading companies in the Water Technology & Solutions Sector.