Astara Capital Partners Acquires Industrial Wastewater Treatment Firm Dynatec

Astara Capital Partners has acquired Dynatec Systems, a Burlington, New Jersey-based provider of membrane-based industrial wastewater treatment systems, founded in 1978. Financial terms were not disclosed. Dynatec designs, builds, operates and services systems that treat industrial wastewater for discharge and reuse, serving customers across food and beverage, automotive, data centre, waste and general manufacturing sectors.

 

Astara said the investment will build on Dynatec's existing capabilities in its design-build-own-operate-maintain model and aftermarket services, while expanding into adjacent technologies and new end markets. The firm framed the deal around three specific demand drivers: growing water scarcity, the reshoring of North American manufacturing, and tightening regulation of industrial discharge, each of which increases pressure on industrial operators to treat and reuse wastewater rather than discharge it untreated or rely on continually expanding freshwater withdrawal.

 

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That combination of drivers reflects a pattern increasingly visible across industrial water infrastructure investment: as manufacturing activity returns to North America and water resources face growing strain in various regions, the capacity to treat and reuse water on-site becomes both a regulatory necessity and an operational cost consideration for industrial facilities, particularly energy-intensive operations such as data centres, one of Dynatec's named customer sectors, where water use for cooling has drawn increasing scrutiny.

 

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Following the transaction, Dynatec founder and president Tom Doherty will remain with the business and retain a meaningful ownership stake, while Hu Fleming, a water industry veteran and Astara strategic advisor, joins the company's board as executive chairman. Doherty said Astara was the right partner to carry the company's legacy forward, while Astara partner Lindsey Tannenbaum said the firm's priority was maintaining Dynatec's existing service quality while investing in organic growth and process improvements to meet what she described as rapidly growing demand for industrial wastewater treatment.