Isle Utilities is excited to announce a new strategic partnership with shareholder Palatine PE, a leader in sustainable investment.
Following an extended but time-limited relationship with XPV Water Partners, this new collaboration marks a significant milestone in our journey, ushering in an era of new growth and innovation for Isle. With a track record of investing in companies that create and drive social or environmental change, Palatine’s values align closely with our own, and the partnership also amplifies our ability to impact global water challenges positively. The infusion of new resources will help us to expand our reach and lead the way in water environmental transition through innovative solutions.
As part of this new chapter, we are pleased to be welcoming Ian McAulay of the Institute of Water as Isle’s new Chairman. McAulay takes over from Isle’s Founder Dr Piers Clark, who is stepping down from his role but will remain fully involved with the company. Ian brings a wealth of expertise with more than 30 years of global water and environmental experience. He has extensive experience in the UK regulated utility, construction and environmental sectors and has held board positions across a broad range of organizations.
McAulay takes over from Isle’s Founder Dr Piers Clark, who is stepping down from his role but will remain fully involved with the company
Ian McAulay, Chairman at Isle Utilities, said: “I am honored to join Isle Utilities as Chairman at this pivotal moment for water and technology innovation. With the support of Palatine PE, we are uniquely positioned to accelerate our mission of driving innovation in water and environmental sustainability. This partnership heralds a new era where our shared vision to lead the charge on environmental transition can truly flourish.”
Dr Benjamin Tam, CEO at Isle Utilities, said: “Isle was built on a legacy of transparency and expertise and we know what it takes to create an innovative, dynamic organization. We’re deeply grateful to Piers for his vision, unwavering determination and exceptional ability to turn the impossible into reality since Isle’s inception. Piers remains on the Board and fully involved with the Isle business. We are so pleased to now be welcoming Ian McAulay as Chair on the next stage of Isle’s journey. Ian has deep experience of the water sector and his growth mindset and passion for technology are perfectly aligned with our goals for growth and the future.”
Rupert Brown, Senior Investment Director in Palatine’s Impact Fund team, said: “As a purpose-led investor we are thrilled to be backing Isle Utilities, a company which shares our passion to make a difference to our planet and society.
“In the wake of the COP28 summit, the focus on water security and quality has moved further up the international agenda. Water consultancy related services are becoming more valuable, and innovation within these spaces is paramount.
“This makes Isle Utilities a great investment opportunity for Palatine and the Impact Fund. Focussed on delivering returns in the right way, we look forward to supporting and working with Ben, Piers and the team.”
