As the widespread recognition of water problems has increased, and as the consolidation has gotten underway, hundreds of strategic and financial buyers have also swarmed into the water filtration industry in an attempt to establish a foot-hold. And, as is increasingly the case in most other sectors of the economy, the private equity (PE) community has also begun to make its presence and power felt in the water business. For example, it was recently reported that one out of every five workers in the British economy was employed by a private equity-controlled business – and the general impact seems headed in the same direction in North America.
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Steve Maxwell (2008) studied this question.