Undisclosed backer provides funding to Amplio Filtration subsidiary.
An undisclosed backer has provided $50m to help Envirogen Technologies fund design and installation of water treatment for local government and industry.
Envirogen was formed in October by Amplio Filtration, a subsidiary of UK-based private equity firm Amplio Group, from the assets of the former Nasdaq-listed Basin Water that Amplio acquired under Chapter 11 administration for $2m.
Michael Stark, executive president of Envirogen, said: "This $50m financing [will help pay for] the two essential and expensive components of a treatment…
