# Frontenac acquires Newterra Group with NMP investment

Frontenac Company acquired Newterra Group Ltd., a global leader in modular water treatment solutions. Norwest Mezzanine Partners (NMP) provided subordinated debt and equity to support the acquisition.

- Type: Acquisition
- Announced: 2020-11-01
- Where: Chicago, Illinois, United States
- Status: completed
- Products: modular water treatment solutions
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Frontenac](https://endata.com/companies/7572.md) (acquirer)
- [XPV Water Partners](https://endata.com/companies/9732.md) (investor)
- [Newterra](https://endata.com/companies/13618.md) (target)
- [Norwest Mezzanine Partners](https://endata.com/companies/50892.md) (investor)
- [Angeleno Group](https://endata.com/companies/50895.md) (investor)

## Sources

- [nmp.com](https://nmp.com/news/norwest-mezzanine-partners-supports-frontenac-companys-acquisition-newterra-group/), 2020-11-01: "We are excited and appreciative of the opportunity to invest once again with Frontenac."
- [newterra.com](https://www.newterra.com/article/frontenac-acquires-newterra/), 2020-11-01: "Frontenac Company announced today that it has acquired Newterra Group Ltd., a Global Modular Water Treatment Company"
- [frontenac.com](https://frontenac.com/frontenacenterstheglobalmodularwatertreatmentmarketwiththeacquisitionofnewterragroup/), 2020-11-02: "With Frontenac as our new partner, we are excited to continue our expansion plans, both organic and inorganic, as we execute on our strategic plan to be a major force in the growing decentralized water treatment market around the world."
- [doi.org](https://doi.org/10.1016/s0958-2118(20)30199-3), 2020-12-01: "Frontenac Co, a private equity firm based in Chicago, USA, has acquired Newterra Group Ltd"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.