XPV Water Partners is proud to announce that Badger Meter, Inc., a global leader in smart water management solutions, has acquired SmartCover Systems.
The deal adds real-time monitoring of collection systems, with a focus on sewer line and lift station monitoring, to the network monitoring applications already offered under Badger Meter’s BlueEdge™ suite of water management solutions.
>> Read the release on XPV's website .
SmartCover has helped prevent tens of thousands of harmful sewer spills and save its customers millions of dollars per year in both operating costs and capital costs. Since investing in the company, XPV has worked with SmartCover to build a world-class team, broaden and strengthen its offerings, complete a strategic acquisition, and rapidly grow its customer base. In 2023, SmartCover acquired Data Flow Systems, adding the ability to monitor and control lift stations, an important point of vulnerability in collection systems, to the business.
“As utilities manage growing water risk, including aging infrastructure, limited resources, and more frequent and severe weather events, real-time monitoring is a critical tool. We saw right away that SmartCover could make a difference and become the leader in the sector,” said Sam Saintonge, Investment Partner, XPV Water Partners. “Today, the company’s solutions are helping utilities make smarter decisions, introduce efficiencies and cost savings, and build resilient infrastructure.”
“We’re proud of SmartCover’s growth and delighted that the company has found a new home with Badger Meter,” Saintonge added. “We wish the team continued success.”
“Badger Meter is a great fit for SmartCover and our solutions,” said Corey Williams, President and CEO of SmartCover. “The company’s innovation and leadership in the smart water management space makes it a natural home for our market-leading collection system monitoring technologies. On behalf of the team, I want to thank XPV for helping SmartCover build the winning strategy that helped us achieve this exciting milestone.”
About SmartCover
SmartCover transforms real-time remote infrastructure data into insights helping utility customers minimize OpEx, reduce CapEx and improve environmental performance. Our remote monitoring and controls for sewer, lift stations and stormwater infrastructure enable utilities to eliminate overflows, optimize collection system cleaning, minimize H2S odors, accurately identify inflow and infiltration and efficiently operate pump stations. Our solutions allow users to convert reliable and accurate data into actionable outcomes enhancing performance, reducing costs, and maximizing resources. For more information, visit www.smartcoversystems.com.
About XPV Water Partners
XPV Water Partners is a team of experienced operators and investors who are committed to making a difference in water. The firm manages investment capital from some of the world’s top institutional investors, and partners with emerging water-related companies to help them rapidly expand and achieve their strategic goals. XPV aims to generate strong, risk-adjusted returns for its investors by leveraging its trusted ecosystem, deep industry knowledge and its water centric company scaling platform. XPV is committed to building partnerships that contribute to growing people, sustainable businesses, prosperous communities, and a water secure future. For more information, visit www.xpvwaterpartners.com. |
