Newterra Acquires H2O Engineering, Inc.

Frontenac Company Acquires Newterra Group Ltd.

November 2, 2020

Environmental Services

Frontenac Company has acquired Newterra Group Ltd., a global designer, engineer, manufacturer and servicer of modular water and wastewater treatment systems, from existing shareholders including XPV Water Partners and Angeleno Group. Financial terms were not disclosed; Newterra's CEO Tom Vossman and the executive team will remain in place and Jim McGivern will join the board as Frontenac supports the company's continued organic and inorganic growth.

Grundfos Acquires Newterra

August 22, 2025

Industrial Services

Danish water solutions leader Grundfos has acquired Newterra, a Pittsburgh-area designer and manufacturer of water and wastewater treatment systems, to strengthen its water treatment capabilities and expand its presence in North America. The deal boosts Grundfos' water treatment workforce in Europe and North America and supports its goal to grow its US business.

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.

Evoqua Water Technologies Acquires Frontier Water Systems

April 4, 2022

Environmental Services

Evoqua Water Technologies purchased the remaining equity of San Diego-based Frontier Water Systems, completing its acquisition after an initial majority investment in 2019. Frontier, a supplier of modular bioreactor engineered equipment for removal of selenium, nitrate and metals from industrial wastewater, will expand Evoqua’s advanced wastewater treatment capabilities; terms were not disclosed.

Water Engineering (Nolan Capital Portfolio) Acquires American Water Treatment, Inc.

July 13, 2022

Environmental Services

Water Engineering, a portfolio company of Nolan Capital, has acquired American Water Treatment, a family-owned water treatment services provider headquartered in St. Louis, Missouri. The acquisition adds American Water’s ~900-customer, multi-state footprint to the WEI platform as an add-on to expand geographic coverage and service capabilities while retaining the existing team and legacy brand.

Nolan Capital Acquires Majority Stake in Water Engineering, Inc.

March 21, 2022

Industrial Services

Nolan Capital, the family office of Peter Nolan, has acquired a majority stake in Water Engineering, Inc., a Omaha-based provider of industrial water treatment solutions, chemicals and services. Nolan Capital’s Southern California portfolio company, Apollo Technologies, will join the combined Water Engineering platform as the investor and management team intend to pursue further acquisitions to build a national water treatment platform.