Wellington Financial provides $13 mln in growth funding to Aquam

Canadian specialty finance firm Wellington Financial has provided US$13 million in venture debt funding to Aquam Corp, a provider of water infrastructure support, rehabilitation and diagnostics. Based in San Diego, California, Aquam is the parent of Nu Flow Technologies, a pipe system rehabilitation specialist founded in Canada in 1998. The businesses jointly provide cost-effective solutions to address problems of aging water infrastructure in the developed world. Aquam, which is backed Walsingham Fund, Turtle Creek Asset Management, and GLH Asset Management, will use the new partnership with Wellington to facilitate its continued growth.

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