Wellington Financial Provides US$13M Growth Capital Financing to Aquam Corp

It has been a busy August and September here at Wellington. Over the next few days, you’ll start to have a sense of exactly why…. Today we announced a US$13 million venture debt financing for Aquam Corporation, a world leader in water infrastructure support, rehabilitation and diagnostics.

Aquam is the parent company of Oshawa-based 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 a leader and innovator in a number of water-related services businesses around the world. Our non-amortizing True Growth Capital was the right type of financing to help the company get to the next level. The Innovation Economy is a large bucket, and applied water technologies are definitely at the forefront.

Aquam is backed by Walsingham Fund, Turtle Creek Asset Management, and GLH Asset Management.

MRM