Heartland Water Technology Inc., a provider of wastewater treatment technologies, has closed a $45 million investment round by Boston-based investment manager The Baupost Group LLC.
Since 2008 Heartland has operated at the intersection of water, renewable energy and resource recovery, developing products to solve wastewater problems. The Heartland team designs, builds, and operates decentralized modular wastewater treatment systems.
Industrial companies and municipalities are simultaneously seeing significant wastewater treatment cost increases. As the regulatory requirements for existing and emerging contaminants rapidly evolve, companies and municipalities are looking for on-site treatment solutions to take trucks off the road, reduce environmental risk, and establish control of the wastewater treatment process.
Baupost’s investment enables Heartland to expand its technological offering and accelerate its strategy to offer wastewater treatment as a service.
“From our first meeting, it was clear that the Baupost team shares our passion for the environment and sees our vision,” added Jones. “The backing of our partners at The Baupost Group will substantially expand Heartland’s ability to make a positive impact on our environment.”
