Karl Michael Millauer is the founder of KMM Consulting and a former C-Level executive in some emblematic water groups like BWT, Christ Water Technology, Aquatech International, and Aquarion AG. KMM Consulting helps clients around the globe leverage opportunities in the world of water through mergers & acquisitions, finance & funding, business development, and strategic support.

The water industry features some behemoths that regularly make the news: Veolia, Xylem, Suez... I mean, you know the usual suspects, as I have been featuring them every time there was noteworthy news to share about them.

Then, there's a fascinating wave of cool kids worth several thousands of millions, like 374Water, which I had on this microphone, or NX Filtration, which I should have on this microphone at some point; that's my mistake for not inviting them yet, and a growing pack of high-profile scale-ups raising tens of millions in seed rounds and Series A like my former guests Klir, Epic Cleantec, Source, or ZwitterCo.

Yet the water sector is also one of these typical places where the iceberg metaphor holds true! I see you rolling your eyes because that damn iceberg is overused but bear with me. 

The 50 largest water companies combined only represent 25% of the total market, which by extension, highlights how there's an ocean of small-sized players that support all shades of water applications! How many? I can't tell, and despite looking around, I couldn't put my hands on even the beginning of a statistic that would depict this bottom of the pyramid.

I guess that's one more proof that while big players get a lot of attention, expert support, and coverage when they merge or consolidate, smaller actors have long been left in a no man's land. 

Well, this is the no man's land I'm inviting you to explore this week with Karl Michael. And it's pure serendipity: I wanted to cover that topic for a while, so I got very curious when Global Water Intelligence introduced their opportunity exchange platform, featuring dozens of smaller-sized water companies looking for funding, a new owner, a distribution partner, or a licensee. Why serendipity? Well, the 35 first opportunities listed on this marketplace were all coming from Karl Michael Millauer. So I reached out, and you'll get to discover in a minute all of his openness to share a bit of his work and world!

Right before that, I'd like to thank from the bottom of my heart all the new listeners that came and joined me on this podcasting journey over the past weeks; I'm so happy to see the nice growth of this channel! I'm a one-man band, and I'm running this podcast on my free time and, let's be real, at my own expense as well, I love doing it for sure, but it's good in my long and tiring editing evenings to realize it's not for nothing, and it's bringing you some value.

So here's today's call to action: we'll have a special episode next week to close this season 8, and I have almost finished recording a special mini-season 9 that will look into the depth of the lithium industry and value chain and how that's an incredible opportunity for the water industry. I'm super excited to share this one with you, so stay tuned! This also means that I now have a bit of time to think of the upcoming season 10, and that's where I need you! If you have special wishes, areas you'd like me to explore for you, questions that keep you up at night, or guests you'd like to suggest to me, that's your chance: reach out to me on LinkedIn or send me an email at antoine@dww.show and I'll make sure that Season 10 serves you well! Come on, do it, and I'll meet you on the other side. 

➡️ Check out the entire article on how to sell smaller-sized Water Companies, including an infographic and a full transcript on the (don't) Waste Water website!