SAN DIEGO, CA and TORONTO, Sept. 24,
2015 /PRNewswire/ - Wellington Financial LP, a
privately-held specialty finance firm, today announced a
US$13 million venture debt financing
for Aquam Corporation, a world leader in water infrastructure
support, rehabilitation and diagnostics.
Aquam is the parent company of Nu Flow Technologies, an
innovative small diameter pipe lining manufacturer, pipe lining
installer Nu Flow, and global
pipeline assessment and inspection technology provider JD7.
Together, these entities address aging water infrastructure
in the developed world through lower cost, less disruptive, and
longer lasting solutions. In the United Kingdom, Aquam provides standpipe hire
and ancillary services to large water utilities.
"Aquam is building a world-class specialty infrastructure
company. They are a leader and innovator in a number of
water-related services businesses around the world. We are
very excited to support the company in the next phase of its
growth," said Mark Usher, Partner at
Wellington Financial. "The Company recognized that
Wellington's True Growth
Capital was the right type of financing to help the company get
to the next level."
"These are very exciting times at Aquam and we look forward to a
long-term relationship with Wellington Financial," said
Cameron Manners, CEO at Aquam. "We
expect to see positive growth within our company by continuing to
offer an array of solutions for infrastructural renewal around the
world."
Aquam is backed by Walsingham Fund, Turtle Creek Asset
Management, and GLH Asset Management.
About Wellington Financial LP
Wellington Financial LP is a privately-held specialty finance
firm providing term, venture and amortizing loans up to
$30 million. Wellington Financial LP
is currently managing a $600 million
investment program with offices in Silicon Valley, Santa Monica and Toronto. Wellington Financial LP is managed by
a partnership controlled by fund management and Clairvest Group
Inc. (CVG:TSX), who jointly have contributed a large financial
stake to the Fund. LPs include several of Canada's largest institutional investors,
crown corporations, financial institutions and pension funds.
Please visit the fund website at www.wellingtonfund.com.
About Aquam Corporation
Aquam Corp is a global cleantech firm that provides
infrastructure support, rehabilitation and diagnostics solutions
for water infrastructure. Aquam, which is headquartered in
San Diego, USA, uses environmentally friendly
technologies to address the world's aging infrastructure problems.
Aquam Corp is the parent company of world-leading small-diameter
pipe lining technology manufacturer Nu Flow Technologies, pipe
lining installer Nu Flow and global
pipeline assessment and inspection technology provider JD7. All
services are available in North
America, South America,
Europe, Asia, Africa
and Australia.
For more information, visit www.aquamcorp.com.
SOURCE Wellington Financial LP
