Whitewater Management Acquires Orion Water Solutions

Hillcore Group Acquires Whitewater Management Ltd. and Catalyst Production Systems

September 7, 2023

Environmental Services

Hillcore Group has completed the acquisition of Calgary-based Whitewater Management Ltd. and its majority-owned subsidiary Catalyst Production Systems. Whitewater is a fluid management and environmental remediation services provider with five locations and over 200 employees; Hillcore is a Canadian investment firm that will operate the business within its portfolio.

Integrated Water Services and Sciens Water Acquire Hyperion International Technologies

March 7, 2023

Infrastructure

Integrated Water Services, in partnership with Sciens Water Opportunities Management (an affiliate of Sciens Capital), acquired 100% of Hyperion International Technologies, a control-systems and engineering services provider for water and wastewater markets. The deal expands IWS’s product and digital services capabilities in modular MBR and wastewater reuse technologies; Hyperion’s General Manager Scott Johnson will lead the business as Al Ouchie transitions to retirement.

Industrial Flow Solutions to Acquire Clearwater Controls Ltd to Expand IoT Wastewater Network Management

October 18, 2021

IT Services

Industrial Flow Solutions, headquartered in New Haven, Connecticut, announced it has agreed to acquire Clearwater Controls Ltd., based in Glasgow, Scotland. Clearwater Controls provides intelligent deragging control systems and cloud-based data analytics for wastewater network monitoring and predictive maintenance; terms were not disclosed and Clearwater Controls will retain its name and brand.

PAI Partners to Acquire Orion (Italy) from Xenon Private Equity

September 10, 2025

Environmental Services

PAI Partners has agreed to acquire Orion, an Italian provider of environmental monitoring services, from Xenon Private Equity. The deal is expected to close in the fourth quarter of 2025, subject to regulatory approvals, with PAI becoming the majority shareholder alongside Orion’s management team.

The Amlon Group (Heartwood-Backed) Acquires EcoWater Industries (EcoWerks)

February 20, 2024

Environmental Services

The Amlon Group, a Heartwood Partners-backed environmental services platform, has acquired EcoWater Industries (dba EcoWerks), an industrial waste-to-value processor based in Port Arthur, Texas. The acquisition expands Amlon's processing capabilities, permits and capacity—adding wastewater treatment, equipment cleanout, oil recovery services and a permitted non-hazardous TSDF to its footprint.

H2O Innovation Acquires NextEra Distributed Water

October 1, 2024

Environmental Services

H2O Innovation Inc. has acquired NextEra Distributed Water in a carve-out transaction, integrating the business into a new Water Infrastructure & Development business line to operate NextEra’s WaterHub assets. The acquisition brings in-house large-scale asset development and ownership capabilities — enabling H2O Innovation to offer turn-key onsite wastewater treatment and reuse projects delivered at no upfront capital cost and operated under long-term contracts; the deal is supported by follow-on investment from funds managed by Ember Infrastructure Management LP and existing minority owners.