Environmental Restoration
Innovative solutions to address contaminants in water supplies
In 2021, Double Impact invested in AqueoUS Vets (“AV”), a provider of water treatment and delivery systems. Founded in 2015 and based in Redding, California, AV offers a turnkey approach to engineering, building, installing, and servicing custom water treatment systems that leverage advanced design technology and ensure long-term operational reliability to remove emerging contaminants in water supplies.
The importance of PFAS removal
In recent years consumers have become more aware of the danger of contaminants of emerging concern, including per- and polyfluoroalkyl substances (more commonly known as PFAS). Referred to as “forever chemicals” PFAS do not break down under normal environmental conditions. Evidence links exposure to PFAS to adverse, and potentially fatal, health outcomes. Additional information about the link between PFAS and adverse health outcomes can be found on the National Institute of Health’s website: https:// www.niehs.nih.gov/research/supported/exposure/pfas/highlights/index.cfm The contaminant has been found in water samples in over 2,800 communities across all 50 states. Environmental Watch Group (EWG) PFAS Contamination in the U.S. (June 2022): https://www.ewg.org/interactive-maps/pfas_contamination/ 3 U.S. Environmental Protection Agency: https://www.epa.gov/
An innovative water treatment solution
Double Impact invested in AV because we believe the company offers industry-leading and efficient water treatment solutions. AV’s patented LowPro® design requires less space than the industry standard, which means many of its customers can house and maintain the systems in existing buildings – as opposed to having to expand or construct new facilities. AV’s systems are also designed to be more energy efficient, using up to 75% of the energy required by many of the incumbent systems. Based on studies completed by AV comparing their systems energy usage to competitors’ published data on energy usage.
Scaling business operations
Since AV joined the Double Impact portfolio, the partnership with the team has been focused on bringing AV’s innovative solutions to more communities across the country. In 2023, the company completed an acquisition of a Florida-based tank manufacturing facility to expand AV’s footprint to the East Coast. AV’s leadership team has made significant enhancements since the acquisition, including investing in employee benefits, safety, training, and career development as well as capital improvements to expand manufacturing capacity.
We have also continued to build a world class management team. In late 2023, we appointed Dr. Mirka Wilderer as President and Chief Executive Officer. Dr. Wilderer is recognized as one of the leading executives in the water industry, with deep experience in corporate strategies, business transformation, and cross-functional leadership in global organizations.
Impact Metrics Source: All impact metrics provided by AqueoUS Vets, as of December 31, 2023.
SDG Alignment
