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September 24, 2024

California company acquires Shelton-based water treatment supplier

Contributed A custom installation by Clearwater Industries for a cooling tower in Stamford.

A California-based company has acquired water treatment business Clearwater Industries, which is headquartered in Shelton, according to an announcement.

Economic Alternatives Inc. (EAI Water) said the acquisition is a strategic expansion into the East Coast that “strengthens its position as a coast-to-coast leader in industrial water treatment services.”

Clearwater, founded in 1992, provides water treatment services throughout the Northeast.

The company operates from an 11,000-square foot facility at 415 Bridgeport Ave. 

Founded in 1992, Clearwater grew from an owner-operated business to a team of 22 employees, according to its website.

Sylmar Group, a water supply and irrigation systems company in Los Angeles, is providing financial support for the deal. Sylmar was founded by Michael Warady, a 2017 Yale School of Management graduate.

EAI Water, which was founded in 1986, operates in California, Arizona, Nevada, Utah, Washington and Ohio.
 

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