Baird Capital sells Cleanwater1 stake to Veralto

• Veralto agreed to buy Cleanwater1 from Baird Capital’s Global Private Equity team, ending an investment made in 2022.
• Cleanwater1 supplies water and wastewater quality management solutions, including chemical feed systems and gas-phase filtration, to municipal and industrial customers.
• During Baird Capital’s holding period, revenue nearly tripled, EBITDA rose more than 4.5x, and the company completed four add-on acquisitions.
• Baird Capital described the sale as its largest dollar distribution from a portfolio-company exit to date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Baird Capital Partners LP published the original content used to generate this news brief on August 19, 2026, and is solely responsible for the information contained therein.