The UK private equity group of Baird Capital, the direct investment arm of Milwaukee-based Robert W. Baird & Co. Inc., has acquired a majority interest in Clearwater Group.
Camberley, Surrey-based Clearwater, founded in 1990 by CEO Guy Rowley, offers water solutions and services to estate owners and facilities managers in the food and beverage, pharmaceutical, industrial and public sectors. It has 10 offices, and its water treatment, hygiene, engineering and pump services are offered across the UK and Ireland.
As part of the transaction, Baird Capital managing director James Benfield will join the Clearwater board of directors.
“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,” Benfield said. “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.”
“We are excited to work alongside Baird Capital in the water services space,” Rowley said. “Their global resources and sector expertise will be valuable as we focus on driving future growth.”
