World Water Works, headquartered in Oklahoma City and established in 1998, has become a critical partner for industrial and municipal clients globally. The company is dedicated to enhancing communities by delivering cutting-edge, cost-effective water and wastewater treatment solutions. WWW distinguishes itself through its operational and technological excellence, employing a design philosophy focused on performance, flexibility, and durability. This approach ensures superior water quality while minimizing life-cycle costs for its clients. The team at World Water Works is composed of passionate water professionals who are committed to providing expertly engineered products, solutions, and services with a strong customer-centric approach. Their mission is clear: Solving Today’s Water Challenges for a Better Tomorrow, reflecting their dedication to this essential global resource.
Prashant Mitta, CEO of World Water Works, expressed enthusiasm about the partnership, stating, “We are thrilled to collaborate with CHIEF Capital and Backcast Partners, both of whom have demonstrated a strong history of supporting growing businesses. They share our vision to establish WWW as the premier water and wastewater solutions company, known for unparalleled customer service. The support from CHIEF Capital and Backcast Partners will be instrumental in our continued growth as we innovate and develop advanced solutions for industrial and municipal sectors, enhancing both business operations and community well-being in an efficient and responsible manner.”
Michael Shein, Managing Partner at Chartwell, highlighted the long-standing relationship with Backcast Partners. “Our relationship with Backcast and their principals spans over 25 years and multiple economic cycles. The Backcast team consistently demonstrates innovation in capital structuring and the ability to navigate complex opportunities. They are particularly reliable partners for both growth initiatives and buy-and-build strategies,” Shein noted.
Mark Gudis, Managing Partner at Backcast Partners, elaborated on the investment rationale: “Our investment, which includes senior secured debt and preferred equity, in WWW reflects our strong belief in the company’s leading-edge technologies and the compelling macro trends driving significant investment in wastewater infrastructure improvements. We are impressed by the depth and dedication of WWW’s senior leadership team and have great confidence in CHIEF Capital as a dependable partner.”
Greenberg Traurig LLP served as legal counsel for Backcast Partners in this transaction.
About Backcast Partners
Established in 2016, Backcast Partners manages value-driven, credit-focused private investment funds. The firm provides crucial capital to both private-equity-backed and privately held, management-owned companies operating within the traditional middle market, typically with EBITDA ranging from $7.5 million to $50 million. With approximately $1.3 billion in assets under management, Backcast Partners brings decades of experience to supporting middle-market growth. The firm’s managed funds possess a flexible capital mandate, allowing for investment sizes ranging from $20 million to $150 million per transaction. Backcast Partners maintains offices in New York City and Millburn, NJ.
For Companies Seeking Capital:
Mark Gudis, Managing Partner
[email protected]
(973) 512-7487
www.backcastpartners.com
For Investor Information:
David Petrucco, Managing Partner
[email protected]
(973) 512-7482
www.backcastpartners.com
SOURCE Backcast Partners
