Natural Systems Utilities Acquires Applied Water Management and Completes Series C Financing
PRESS RELEASE (Hillsborough, NJ — January 19, 2012) Natural Systems Utilities (NSU) announced today the successful completion of the acquisition of Applied Water Management (AWM) from AWM’s parent company American Water. Applied Water Management, also based in Hillsborough, NJ, has 77 employees and has offices in NJ, PA, and MA. NSU will assume all AWM contracts and business operations. AWM is a recognized leader in water resource management. Combined, the Company provides design, build, operations and engineering services to over 150 systems in NJ, NY, PA, CT, MA, RI, and MN.
The Company will be known as Natural Systems Utilities and will operate under both the NSU and AWM names. NSU also announces the closing of a Series C financing lead by XPV Capital with co-investor American Refining and Biochemical, Inc. Existing investors also participated. Terms of the transaction and financing were not disclosed. Ed Clerico, NSU CEO, reports “This acquisition capitalizes on the current unique market position of NSU and AWM. NSU now represents the largest operating base of decentralized water and wastewater utility assets in the U.S. AWM’s clients will benefit from NSU’s expertise and innovations in operations, management and advanced wastewater systems and related technologies.” Dominic Kulik, Chairman of NSU said, “NSU has a proud history of providing environmentally friendly water resource management services to a range of municipal, commercial, residential, institutional and industrial customers across America. The deep pool of talent and sector expertise of the AWM professionals will allow NSU to expand our services to a market with rapidly increasing needs for improved water management services.
Our unique design-build-operate-finance model provides innovative water and wastewater solutions more quickly and at lower life cycle costs.” Natural Systems Utilities, established in 2007 as a Delaware LLC, is an innovative water and energy utility company that integrates planning, design, engineering, and long-term operation and financing of sustainable, water-centric infrastructure. The NSU management team also offers a long-term asset management and ownership perspective. This combination uniquely positions NSU as a comprehensive resource to their clients in meeting immediate and long-term resource stewardship and sustainability goals.
Additionally, NSU is pioneering efforts in biogas capture and conversion, creating renewable energy through the wastewater treatment process. NSU provides water resource management solutions to new build projects and to retrofit existing systems that serve individual buildings, industrial facilities, commercial centers, communities, and municipalities in rural, suburban and urban environments. NSU systems will integrate water supply, stormwater management, water reuse, wastewater treatment, renewable energy and nutrient capture wherever possible.
NSU applies a holistic water management approach that aims to preserve freshwater resources, improve water quality, and repurpose wastewater and waste energy as beneficial resources. The Company relies on a variety of technologies, from natural treatment systems to advanced membrane bioreactors, as core elements in its integrated infrastructure solutions. NSU’s systems can be built and operated at lower costs than traditional solutions.
NSU is a Certified B Corporation and adheres to B Corp’s guiding principles of long-term sustainability, measured by a triple bottom line of financial, social, and environmental criteria. NSU’s non-profit research foundation, WINS (World Institute for Natural Systems) works to advance the understanding, application and management of natural resources and their connected water, energy, land, and agricultural systems.
Learn more about us at www.nsuwater.com. Learn more about XPV Capital at www.xpvcapital.com. For further information please contact Rick Cisterna at 908.359.5129 or at rcisterna@naturalsystemsutilities.com.
