Bain Capital
OUR PORTFOLIO

Protecting our water and health from “forever chemicals”

AqueoUS Vets logo white
Impact thesis

Per- and polyfluoroalkyl substances (PFAS), also known as “forever chemicals,” are both ubiquitous and unsafe: they have been found in 97% of Americans’ blood and are linked to scores of health concerns, including testicular, kidney, liver, and pancreatic cancers.1National Institute of Environmental Health Science Most alarming, PFAS permeate everyday life, appearing in food packaging, household products, and even drinking water.1US Environmental Protection Agency Minority and underserved communities have been found to have higher levels of PFAS contamination,1Harvard T.H. Chan School of Public Health deepening environmental inequality. AqueoUS Vets works to protect people and the environment from PFAS with an array of effective treatment solutions built for the US water infrastructure.

Opportunity and investment

Since its founding in 2015, AqueoUS Vets has focused on removing PFAS at scale from municipal and utility drinking water systems, deploying engineered treatment solutions that enable communities to address contamination as projects come online. In 2022, Bain Capital invested to support AqueoUS Vets’ national expansion beyond its California base.

Value creation

Working alongside AqueoUS Vets, we have combined growth capital with strategic expansion, service diversification, operational rigor, and organizational development to help scale its PFAS remediation technology and water infrastructure solutions nationwide.

  • Expanded market reach and service delivery beyond its original regional focus, as well as reaching private industrial and commercial customers to address demand driven by emerging PFAS regulation and infrastructure funding
  • Diversified services by enhancing turnkey capabilities across design, manufacturing, installation, commissioning, and servicing of water treatment systems
  • Operational expertise, leveraging our operating resources and industry relationships, has supported key growth drivers, including supply chain optimization, manufacturing efficiency, and standardized project execution

“I’m honored to join AqueoUS Vets as CEO at a pivotal moment for water infrastructure and public health. With our talented team and proven solutions, we’re driving innovation and operational excellence to meet growing demand for advanced PFAS and contaminant removal.”1These endorsements are provided by certain CEOs and or founders of investments held by certain investment vehicles advised by Bain Capital affiliate investment advisers. None of these CEOs and or founders were directly compensated for providing these endorsements, however, the funds have made investments into such CEOs and or founders’ companies. As a result of this investment, a conflict of interest exists because the CEOs and or founders have an incentive to make positive statements about Bain Capital and their experiences with Bain Capital to maintain the goodwill with Bain Capital.
Paris Neofotistos / Chief Executive Officer / AqueoUS Vets
Paris Neofotistos / Chief Executive Officer / AqueoUS Vets
“AqueoUS Vets is delivering critical solutions to address PFAS contamination at scale. We’re proud to partner with the team to accelerate their growth and expand access to safer drinking water for communities nationwide.”
Todd Cook / Partner / Bain Capital
Todd Cook / Partner / Bain Capital