Backcast Partners Fuels World Water Works Growth with Tailored Investment Strategies

Backcast Partners has made significant strides as an essential player in the world of private capital investment by recently announcing its strategic partnership with World Water Works (WWW). This move not only exemplifies Backcast's commitment to supporting growth among middle-market businesses but also highlights their focus on sustainability, particularly in the pivotal area of water treatment technologies.

Founded in 1998 and headquartered in Oklahoma City, World Water Works operates on a mission to provide innovative water and wastewater treatment solutions. They collaborate with both industrial and municipal clients across the globe, striving to enhance community infrastructure through advanced and economical practices. Their approach is all about blending operational know-how with cutting-edge technology to produce superior water quality while ensuring cost efficiency at every life-cycle stage.

Prashant Mitta, the CEO of WWW, has expressed enthusiasm about this partnership. He stated, “Partnering with CHIEF Capital and Backcast Partners positions us well. They share our vision of making WWW the best-in-class company in water and wastewater solutions, with a keen focus on exceptional customer service.” This collaborative effort is aimed at developing state-of-the-art solutions that serve the needs of industrial and municipal entities, ultimately strengthening the businesses and communities they serve.

Backcast's commitment to such partnerships is further validated by Michael Shein, Managing Partner at CHIEF Capital, who remarked on the longstanding relationship they share with Backcast and emphasized their innovative approach towards capital structuring. This recognizable pattern of innovation and execution throughout economic cycles showcases Backcast's reliability and strategic versatility.

Mark Gudis, Managing Partner at Backcast, noted that their investment in WWW reflects confidence in the growing demand for superior water solutions, especially considering the macroeconomic trends favoring essential wastewater infrastructure investments. He emphasized the importance of having a dedicated leadership team at WWW, as well as the significance of their collaboration with CHIEF Capital for a prosperous future.

Backcast Partners, formed in 2016, specializes in managing credit-focused private investment funds that cater to private equity-backed and privately owned middle-market companies. With a portfolio of nearly $1.3 billion in assets, Backcast is geared towards making substantial monetary contributions ranging from $20 million to $150 million per deal.

This partnership marks a strategic junction for WWW as it gears up for scaling its operations and refining its impactful solutions. As global water challenges continue to ascend, the investment received from Backcast Partners is not only a financial boost but also a significant endorsement of WWW’s mission to tackle pressing water issues in a sustainable manner. This strategic growth trajectory is expected to position WWW at the forefront of the water treatment industry.

As community needs evolve, this collaboration stands as a testament to the unwavering belief in creating a more sustainable future through innovation and strategic partnership in essential industries. The journey moving forward looks promising, as WWW is set to lead the way in addressing today’s water challenges while contributing positively to environmental sustainability.

For more information on how Backcast Partners supports companies in their growth, visit their website or reach out to their team of expert investors. This is a pivotal moment in the water treatment industry, and Backcast’s strategic investments are paving the way for others to follow suit in prioritizing essential resources like water.