XPV Water Partners makes investment in Mobiltex Data
Canadian water-focused growth equity firm XPV Water Partners has invested in Mobiltex Data Ltd, a Calgary-based engineer, designer and maker of industrial mobile data systems. The investment's value was not disclosed. Founded in 1985 by Jerry Chilibecki and Dale Poloway, Mobiltex's internet-of-things products and services help monitor corrosion protection in pipelines and other distribution and storage infrastructure assets. XPV Partner Khalil Maalouf said his firm's investment will help the company scale up its geographic presence and expand its offering. Based in Toronto, XPV oversees more than $400 million in committed institutional capital.
20 August 2018•3 mins read
