Stormwater solutions provider Low Impact Development Technologies LLC (LID Tech) announced that it received an investment from Ember Infrastructure to meet growing demand for its suite of green infrastructure products and services.
LID Tech owns Porous Technologies LLC, a green infrastructure company specializing in modular precast concrete stormwater management products, including the modular Stormcrete® precast porous concrete panel (PPCP) system as well as the Urban Raingarden™.
“This investment from Ember will allow us to grow all facets of our business, including expanding Stormcrete PPCP production both regionally and nationally to meet increasing demand for our high quality, easily maintained stormwater management solutions,” says Gregg Novick, president and founder of Porous Technologies. “In Ember, we have found a knowledgeable and like-minded partner, and I could not be more excited to embark on this next phase of our expansion.”
LID Tech also owns Stormwater Compliance LLC, a full-service post-construction stormwater infrastructure inspection and maintenance business servicing a variety of commercial and industrial customers across the full spectrum of traditional stormwater systems and green infrastructure.
As more green infrastructure is built around the country and regulations increasingly target stormwater-driven water pollution, long-term maintenance solutions will be increasingly required, creating a symbiotic relationship across both Porous Technologies and Stormwater Compliance. Ember’s investment, of an undisclosed amount, will support the growth of both businesses.
“Ember is proud to be partnering with the deeply experienced and innovative team at Low Impact Development Technologies,” says Caleb Powers, principal at Ember, who will join the company’s Board of Directors. “Many of our most basic water problems start with outdated and overwhelmed stormwater infrastructure. The company’s solutions are critical enablers for communities to affordably and reliably transition toward green infrastructure, and we see tremendous opportunities for continued growth across the business going forward.”
