Buyer Profile
Whitewater Management is a market-leading fluid management company founded in 2010, now operating as a subsidiary of Hillcore Group. Headquartered in Calgary, Alberta, Whitewater has established itself as a cutting-edge fluids management company offering dewatering, water transfer, fluid storage, disposal services, and water treatment solutions. The company serves Canada's largest energy producers and has decades of experience addressing the water needs of hydraulic fracturing operations.
Under the leadership of President and CEO Rod Stearn, Whitewater has been on an active acquisition trajectory. In March 2025, Whitewater acquired Orion Water Solutions, a pioneer in advanced wastewater treatment founded in 2016. Orion specializes in transforming wastewater into reusable water using mobile and fixed facility treatment units. Stearn stated that the acquisition "is a natural extension of that commitment" to providing high-quality fluid management solutions. This acquisition also positions Whitewater's production chemical company, Catalyst Production Services, for continued growth.
Whitewater's strategic interest in AquaScience would be driven by several factors. The company is actively expanding beyond its oil-and-gas core into broader water treatment applications. The Orion Water Solutions acquisition demonstrates a clear pattern of acquiring advanced treatment technology companies to complement Whitewater's established logistics and infrastructure capabilities. AquaScience's water treatment expertise in Wyoming aligns with Whitewater's geographic expansion along the energy corridor of the Rocky Mountain region.
The company has built proprietary water treatment capabilities including dissolved air flotation (DAF) technology for water clarity treatment. Whitewater believes in leaving nature the way they found it, developing state-of-the-art remediation and water filtration solutions. This environmental stewardship philosophy aligns well with AquaScience's water treatment mission.
As a Hillcore Group subsidiary, Whitewater benefits from a larger corporate structure that provides acquisition capital and strategic support. The company's reputation for safety leadership, problem-solving, and strong relationships with resource companies gives it a compelling platform from which to integrate additional water treatment capabilities like those offered by AquaScience.