Canonsburg, Pa.-based Aquatech has received a growth investment from Cerberus Capital Management, a global alternative investment firm. The minority investment is led by Cerberus’ Supply Chain and Strategic Opportunities platform, which invests in companies addressing critical long-term U.S. national security needs.
Aquatech helps companies tackle water reuse, desalination, minimal and zero liquid discharge, and critical minerals processing. Its research and development efforts include membrane manufacturing, performance chemicals and digital service solutions.
“With its technical expertise and decades of experience solving the most complex challenges in water process technology, Aquatech is well-positioned to advance its leadership in crucial, high-growth sectors,” Cerberus Managing Director Michael Buchbinder said in a statement. “We look forward to partnering with the Aquatech team as they continue to raise the bar across the water and lithium markets.”
BofA Securities acted as the exclusive placement agent to Aquatech. Saul Ewing served as counsel for Aquatech. Cooley served as counsel for Cerberus.
