LONDON, March 24, 2015 - Baird Capital, the direct investment arm of Robert W. Baird & Co., announced today that its U.K. private equity group has acquired a majority interest in Clearwater Group. Clearwater provides water treatement, hygiene, engineering and pump services to customers across the UK. As part of the transaction, Baird Capital Managing Director, James Benfield will join Clearwater board of directors.
Headquartered in Camberley, Surrey, Clearwater provides water solutions and services to estate owners and facilities managers across variety of sectors, including food and beverage, pharmaceutical, industrial and the public sector. The business was founded in 1990 by the CEO Guy Rowley and has grown its operations across the UK and Ireland as well as expanding the services it offers its customers.
"We are delighted to partner with the Clearwater team, and to provide capital and other resources to help support the business as it continues its impressive record of growth. The business is a leader in the expanding water treatment solutions market with an enviable technical reputation. Our strong sector knowledge and resources will help the company build on its position as a trusted provider of water services" said James Benfield, Baird Capital Managing Director.
Guy Rowley, Clearwater CEO commented, "We are excited to work alongside Baird Capital in the water services space. Their global resources and sector expertise will be valuable as we focus on driving future growth."
Clearwater Group provides products and services covering all aspects of water treatment and hygiene, engineering, pump services, consultancy, and air hygiene. With a network of 10 offices strategically located across the UK and Ireland, Clearwater is able to offer clients a first class service and speed of response unsurpassed in our industry. We provide sustainable solutions to meet health and safety, environmental and legislative concerns, whilst maintaining asset reliability and compliance. We work with our clients to improve their businesses operating and production efficiencies, helping to reduce their total cost of operation and delivering an enhanced competitive advantage.
About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Baird Capital's U.K.-based private equity team invests in U.K. lower middle market companies in the Business Services, Industrial and Healthcare sectors. Baird Capital leverages its in-depth sector knowledge, experienced investment team and network of relationships to serve as a value-added partner for its portfolio companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in Asia and US, a pro-active portfolio operations team and a deep network of global relationships which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information and important disclosures, please visit www.BairdCapital.com.
Baird Capital Partners Europe Limited is authorised and regulated by the Financial Conduct Authority.
For more information, contact:
Baird Public Relations
Cubitt Consulting Limited
+44 (0)20 7759 1194
+44 207667 8457