Benicia, CA – (November 14th, 2013) Therma-Flite announced today that it closed a $7.5 million equity financing round with XPV Capital. Therma-Flite, a leader in clean-technology has experienced a period of unprecedented growth, more than doubling over the past three years. This growth is fueled by strong demand for its proprietary processing systems for municipal wastewater treatment and innovative technology used by the oil and gas industry.
“We are excited to have closed this round of funding with XPV Capital. Their involvement will give us the ability to introduce new products within our core markets and expand our plants in Benicia, California and El Dorado, Arkansas.” said Therma-Flite CEO, Mike Potter.