CHICAGO, Feb. 12, 2013 /PRNewswire/ -- Triwater Holdings, a Chicago-based water treatment and infrastructure company backed by Bolder Capital LLC, announced today that it has completed growth capital investments in Klenzoid Canada and Eldon Water, two regional leaders in the water treatment industry.
Both companies offer innovative programs that substantially reduce energy, water and chemical costs for steam boilers and cooling water systems. These investments follow Triwater Holdings' previous investment in Nashville Chemical, another leading regional water treatment company.
Klenzoid Canada, headquartered in Mississauga, Ontario and with a strong Quebec presence, services industrial and commercial customers across Canada. With more than 53 years of expertise and advanced water technologies, Klenzoid helps its customers reduce operating costs through implementation of advanced and proven water technologies. Its treatment programs are designed to prevent scale formation, inhibit corrosion and control micro-biological fouling while simultaneously protecting valuable assets and reducing wasted energy and water.
"We're thrilled to be working with Triwater and bringing together like-mind entrepreneurs with a vast amount of collective expertise in the water treatment industry," said Paul Winsor, Chief Executive Officer of Klenzoid Canada. "This approach will help build our footprint, better service our customers and offers an excellent platform for future growth."
Similar to Klenzoid, Eldon Water, headquartered in Novi, Mich., offers its customers advanced water technologies and is responding to demands for cost-effective water and energy management solutions with its "Least Cost Operating Solutions."
"The need for responsive, cost-effective water treatment solutions has never been greater," said Mike Reardon, Chairman and Chief Executive Officer of Triwater Holdings. "With our capital investment in these regional companies and with strong management at the helm, we're confident they will recognize their growth potential with an expanding national footprint."
Klenzoid, Eldon Water and Nashville Chemical offer a mix of chemistry, engineering and hands-on service to customers across North America. Collectively, they provide an array of services and products, including boiler water treatment, cooling water programs and water softening. They will work together to share best practices and continue to operate as separate companies as they respond to the specific needs of their respective customers and markets.
Nick Kalm (312) 222-9888
Kelley Yoder (312) 447-2575
SOURCE Triwater Holdings