Praesidian Capital, a leading provider of senior and subordinated capital for small and mid-sized businesses, announced today that it is investing $11.4 million in first-lien debt in Aquasana, Inc., a Texas-based provider of residential water filtration systems and replacement cartridges. The company has been held by Catterton, the leading consumer-focused private equity firm, since 2009.

Based in Austin with operating facilities outside of Ft. Worth, Aquasana’s products are sold predominantly online in a direct-to-consumer business model. The 18-year-old company has satisfied hundreds of thousands of consumers via its own website, as well as through online retailers such as Amazon, QVC, Home Depot, and Costco. Aquasana’s filters are NSF Certified to reduce 60 common water contaminants including more than 96% of chlorine and chloramines. The company has engineered its water filter components for minimal waste including reusable outer filter casings and filter cartridges made of recyclable parts and compostable materials.

Jon Mansfield, Partner of Praesidian Capital, stated: “We are pleased to take part in the $2.7 billion water filtration industry. Aquasana has tapped a niche in an industry focused on health and environment, and we look forward to supporting management and Catterton’s vision for strategic growth.”

Aquasana is a leading water filtration company based in Austin, TX with the sole focus of providing best-in-class water filtration products. The company markets drinking water filters, shower filters, and whole-home water filter systems that remove over 60 harmful contaminants from water. For more information, please visit www.aquasana.com.

Praesidian Capital is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the United States, United Kingdom, Germany, and selectively in Northern Europe.