Energy Impact Partners’ credit platform, Energy Impact Credit Fund, provides $22 million financing to Aquam
Summary
Funds will facilitate debt refinancing and support growth for leading pipe infrastructure services company NEW YORK, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Energy Impact Credit Fund (EICF), the credit platform of Energy Impact Partners (EIP), the leading utility-backed energy investment and innovation firm, today announced that it has provided a $22 million credit facility to Aquam Corporation, an integrated pipe infrastructure solutions company, based in San Diego, CA, that provides proven technology solutions to owners and operators of both water and natural gas pipe infrastructures. We have been looking at the company for quite some time prior to making this investment and have been very impressed with their business model and management team and we look forward to supporting their growth.” Greg Richards, EICFs Managing Director, added: "We believe Aquam’s ability to provide non-invasive diagnostics and rehabilitation services on water and gas pipelines from the inside-out, which is significantly less expensive and faster than traditional methods, is a key differentiator in the market.” Dan Squiller, Aquam CEO, said, “The team at Energy Impact Credit Fund applies a rigorous process to identify the firms they invest in, which we believe is a positive reflection on Aquam’s track record, industry standing, and future growth potential. It leverages EIPs existing infrastructure, deal flow, expertise in equity investing, and utility partner network to broaden the firms financial solutions. Through close collaboration with its investor base, EIP seeks to bring the best companies, buying power and vision in the industry to bear on the emerging energy landscape. Aquam, which is headquartered in San Diego, California, uses environmentally friendly technologies to address the world’s aging infrastructure problems.