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BluMetric Announces Acquisition of US-based Gemini Water

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BluMetric Environmental Inc., a full-service environmental consulting and engineering cleantech firm, announced its acquisition of U.S.-based Gemini Water, LLC, marking the Company’s cleantech water portfolio expansion and entry into the Caribbean and U.S. water markets.

Founded in 2015 in Gainesville, Florida, Gemini Water designs, builds, installs and commissions large-scale desalination and wastewater treatment systems using membrane-based technologies. Gemini Water systems have 7 million gallons per day (GPD) of potable and wastewater treatment capacity across 22 locations in the Caribbean and Texas.

Today we progress our long-term growth strategy by expanding our cleantech product line and geographic footprint into the U.S. and Caribbean markets. This acquisition improves our market accessibility by covering a combined population almost ten times the size of Canada’s in regions that are significantly more water stressed. Gemini Water has developed an impressive solution for managing water shortages within complementary customer verticals from private developments, and government infrastructure to the leisure market supporting resorts and international cruise lines.

Scott MacFabe, CEO of BluMetric

For the twelve-month period ending June 30, 2024, based on unaudited figures currently available, Gemini’s revenues stood at approximately USD7.3 million (CAD9.8 million) with historic EBITDA margins exceeding 10%. In addition, Gemini Water is currently in St. Kitts and Nevis to design, build, and install a two million gallons per day (GPD) desalination plant.

BluMetric believes the strategic nature of this acquisition provides the following:

  • Ability to diversify its cleantech customer base into new industrial and commercial applications
  • Backfill the longer sales cycles observed in the Military segment with the shorter sales cycles in Gemini Water’s client base
  • Share know-how and proprietary expertise to mutually strengthen both companies’ service offerings
  • Jump start the establishment of a manufacturing presence in the U.S. to take advantage of potential American demand for BluMetric’s military technologies
  • Leverage financial and personnel resources to help Gemini Water execute on its accelerating order backlog

About BluMetric Environmental Inc.
BluMetric Environmental Inc. is a publicly traded environmental consulting and engineering company with expertise across professional and trade disciplines and technologies that allow for the design, fabrication and delivery of sustainable solutions to environmental and water challenges. BluMetric has more than 200 employees operating in ten offices and over 45 years of expertise. Headquartered in Ottawa, Ontario, BluMetric’s team of industry experts serves Commercial and Industrial, Military, Mining and Government clients.

For more information, visit www.blumetric.ca.