HKW Acquires Sepratech Liquid Solutions to Drive Growth in Industrial Water Treatment Sector
Middle-market private equity firm HKW has announced the acquisition of Sepratech Liquid Solutions, a leading industrial water and wastewater treatment service provider based in Gonzales, Louisiana. The acquisition reflects HKW’s ongoing strategy of investing in and scaling businesses that provide mission-critical engineered solutions to industrial clients.
Founded in 1989, Sepratech has earned a strong reputation throughout the Gulf Coast for its specialized services, which include clarification, filtration, and demineralization of industrial water. The company also provides long-term service contracts and aftermarket support for clients operating in highly regulated environments. Over more than three decades, Sepratech has built a loyal customer base by delivering reliable, safe, and environmentally compliant treatment solutions to a variety of industrial sectors.
Sepratech’s operational footprint and technical capabilities make it a strong strategic fit for HKW, which has historically targeted high-potential businesses with defensible market positions in essential industrial services. The firm plans to help Sepratech accelerate its growth trajectory by providing operational support, strategic guidance, and leadership development.
As part of the transaction, Patrick Troy—an experienced industry executive—has joined Sepratech as Chief Executive Officer. Troy brings with him extensive leadership experience in the water treatment sector and will play a key role in driving the company’s next phase of expansion. Commenting on the partnership, Troy said:
HKW shares our goal of accelerating our company’s growth while maintaining the high regulatory, safety, and environmental standards that Sepratech has historically provided our customers. Their expertise and support will be instrumental as we seek to expand through new initiatives in marketing, sales, and operations.
Troy’s appointment comes at a pivotal time for Sepratech, as the company looks to scale both its geographic reach and its service offerings. Under HKW’s ownership, Sepratech is expected to explore new business development strategies, invest in operational improvements, and expand its workforce to support a growing customer base across the Gulf Coast and beyond.
HKW Partner Laurence Lederer expressed confidence in the future of Sepratech under the firm’s ownership:
Sepratech fits right into HKW’s core strategy of helping grow mission-critical engineered solution manufacturers and distributors. HKW is assembling a team around Patrick Troy that will give Sepratech the opportunity to grow quickly while also providing operating assistance to help the company maintain its high standards for quality and customer satisfaction.
As part of the value creation strategy, HKW is also bringing in Zach Nichols, an HKW operating executive with deep experience in the water treatment industry. Nichols previously worked with ProAct Services, a prior HKW portfolio company also focused on environmental and water treatment solutions. His background in scaling operations and integrating best practices in industrial services will be leveraged to support Sepratech’s leadership team.
The acquisition underscores HKW’s focus on building platforms that can scale through both organic growth and potential add-on acquisitions. Sepratech’s established reputation, combined with HKW’s operational and financial support, creates a strong foundation for sustainable expansion in a sector that is becoming increasingly important due to tightening environmental regulations and industrial water scarcity concerns.
While the financial terms of the deal were not disclosed, the transaction is indicative of HKW’s broader commitment to long-term partnerships that enhance operational efficiency, expand market presence, and build enduring value.
With the global demand for clean and compliant water infrastructure on the rise, the Sepratech-HKW partnership is well-positioned to meet growing needs in industrial water and wastewater management. As the company embarks on its next chapter, the combination of technical expertise, strong leadership, and private equity support sets the stage for accelerated innovation and expansion across key U.S. markets.
About Sepratech Liquid Solutions
Headquartered in Gonzales, Louisiana, Sepratech Liquid Solutions is a regional leader in industrial water and wastewater treatment services. Since 1989, the company has provided specialized solutions in clarification, filtration, demineralization, and aftermarket services, helping customers meet regulatory and environmental compliance standards in demanding industrial environments.
About HKW
HKW is a private equity firm investing in middle-market companies across North America. With a focus on business services, health and wellness, and industrial sectors, HKW partners with management teams to drive long-term value through operational improvement and strategic growth. The firm has been investing in private companies since 1903.
