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Integrated Water Services, Inc. Announces Acquisition Of M|MBR SystemsIntegrated Water Services, Inc. ("IWS"), a leading water and wastewater treatment solutions provider, is pleased to announce the acquisition of leading membrane bioreactor manufacturer and distributor M|MBR Systems, LLC ("M|MBR Systems"). As a result of the transaction, IWS, in partnership with Sciens Water Opportunities Management, LLC ("Sciens Water"), will acquire 100% of the equity of MMBR Systems. Founded in 2018 and based out of Austin, Texas, M|MBR Systems, LLC primarily serves selected wastewater treatment and water reuse markets in the United States. M|MBR Systems' experienced technical team works with membrane bioreactor (MBR) technology providers and end users to deliver, optimize and support MBR technology and installations across North America. Integrating M|MBR Systems will enhance IWS' product and solutions offerings for current and new customers within the water and wastewater treatment market, leveraging IWS' expertise in field services and design with M|MBR Systems' product and technical expertise. M|MBR Systems currently manufactures BluBox Modular MBR Systems, IWS' premiere MBR product for wastewater treatment. Through the acquisition of M|MBR, IWS will look to expand the market opportunities for BluBo through a greater breadth of solutions and new cross-selling opportunities. Rick Barrett, CEO of Integrated Water Services, comments, "The addition of M|MBR is an important step in our strategy to become North America's premier water and wastewater treatment equipment and services provider. This acquisition allows us to combine technology, products, and field installation to seamlessly serve our customers." The company will continue to be led by Dennis Livingston, one of its founders, and serve its many existing customers. "We are excited to join forces with the IWS and Sciens Water teams. Their pioneering spirit and purposeful vision for protecting water resources aligns with our culture at MMBR. Putting two decades of membrane bioreactor (MBR) product knowledge and the construction expertise of IWS under one roof will benefit our valued customers. Now, with greater financial strength and resources, we can continue our mission to tap the full potential of MBR and to make the best available technology more accessible," adds Dennis Livingston, President, MMBR Systems. Alexander Loucopoulos, Partner at Sciens Water adds, "Joining MMBR's membrane bioreactor technologies with IWS' established water and wastewater treatment services will advance water reuse technologies for our clients. We see this as one step in a broader effort to make water reuse common practice in the United States." About Integrated Water Services, Inc Integrated Water Services, Inc. was founded in 2003 and is focused on implementing turn-key water and wastewater treatment solutions. The Company develops drinking water, wastewater, and water reuse plant infrastructure by leveraging extensive domain expertise across design-build, Construction Management at Risk (CMAR), and value-engineered solutions. Leveraging their extensive experience from permitting and design to construction and project management, IWS has become a leading field services provider for water and wastewater solutions across the Western United States and Texas. About M|MBR Systems M|MBR Systems is a Membrane Bioreactor (MBR) manufacturer and distributor based out of Austin, TX. The Company works with technology providers, owners, and operators to quickly solve wastewater treatment problems. Many of the Company's products are made, assembled, or inventoried in America using best-in-class global technologies. MMBR Systems is dedicated to the delivery, service, optimization, and evolution of membrane bioreactor projects and products for wastewater treatment and reuse, and most recently announced the opening of the MBR Tech Hub in Central Texas. The Tech Hub combines American and international membrane bioreactor manufacturers to support wastewater treatment plants that use MBR technology, focusing on servicing the entire American market. About Sciens Water Opportunities Management, LLC Sciens Water is an affiliate of Sciens Capital Management, LLC, an alternative asset management firm founded in 1994. With headquarters in New York and offices in London and Guernsey, Sciens launched the Sciens Water Opportunities Fund in 2018 to invest in the U.S. water sector. Sciens' approach is to identify the biggest challenges facing the U.S. water and wastewater industry today and solve them through the formation and development of national and regional leading companies that seek to meet these challenges.
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