FOR IMMEDIATE RELEASE
Calgary, AB, Canada—August 16, 2018— XPV Water Partners expands its portfolio of companies worldwide with an investment in MOBILTEX Data Ltd
XPV Water Partners, a growth equity investor focused on making investments in companies related to the treatment and management of the world’s water resources, announced today that is has made a significant investment in Mobiltex Data Ltd, an internationally recognized leader in providing IoT products and services to monitor corrosion protection in pipelines and other critical distribution and storage infrastructure assets. Mobiltex was founded and has been led by Jerry Chilibecki and Dale Poloway of Calgary Alberta, Canada, since 1985.
Mobiltex is a leading provider of IoT monitoring devices and provides data management services that gives insight for their customers into the condition and integrity of their fluid transportation and storage assets. Utilizing both satellite and cellular communication systems, Mobiltex makes data available on a continuous basis for asset management, regulatory compliance and to ensure the safe operation of critical assets. Resource industries such as oil and gas and utilities are increasingly reliant on connectivity in order to compete and remain profitable in today’s hyper-connected, data-driven, global marketplace.
“I am proud of the success and industry respect that our corTalk® brand has achieved. This partnership will enable Mobiltex to significantly increase our presence and support in the cathodic protection remote monitoring market” says Jerry Chilibecki. “The partnership with XPV Water Partners will enhance our ability to deliver value to our customers through technology and services that is adaptive to the needs of the corrosion industry” says Dale Poloway.
“We are pleased to partner with this fast growing, innovative and entrepreneurial Company. Our partnership will focus on helping the Company scale up its geographic presence and expand its offering” stated Khalil Maalouf, Partner at XPV Water Partners. “The investment was the result of an extensive search for a leading platform company in the corrosion space” added Bruce Lounsbury, Entrepreneur in Residence at XPV.
Over 30 years of cathodic protection innovation, over 200 major organizations across North America and around the globe, and over 100,000 miles of pipeline assets protected – MOBILTEX solutions are redefining the cathodic protection system monitoring industry. As our reputation grows, we continue to invest and expand our patented IIoT technologies while leveraging 5G cellular and satellite communications across our portfolio. MOBILTEX is widely recognized in the industry for innovation, reliability, and our world-class service and support.
About XPV Water Partners
XPV is comprised of experienced water entrepreneurs, operators and investment professionals dedicated to your success. We started as grass roots angel investors in 2006 and launched our first formal institutional fund in 2010. Today we manage over $400 million USD of investment capital from some of the top institutional investors in North America, Europe, Middle East and Asia. Our family of companies are making a difference by both bettering the world and creating significant shareholder value. We partner with, invest in, advise, and assist entrepreneurial companies like yours to grow and create value for all stakeholders. We work with you at critical stages of your growth cycle to ensure that you always have the resources you need. We value your expertise and your passion for the business you’ve built, and want to work with you to realize your vision for success. Learn more at www.xpvwaterpartners.com