Wellington Financial LP, a privately-held specialty finance firm, announced a $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.”