Dallas-based water technology company Hexivon has secured a strategic investment from Hillwood, a Perot company, to accelerate the commercial rollout of its system for treating water contaminated with per- and polyfluoroalkyl substances. Commonly known as PFAS or “forever chemicals,” these persistent compounds have become a growing concern for utilities, industrial operators, government agencies, and communities seeking durable remediation options. The financial terms were not disclosed, but the partnership is intended to combine Hexivon’s treatment platform with Hillwood’s capital, infrastructure experience, and public-sector development capabilities.
Strategic Infrastructure Partnership
The transaction extends Hillwood’s investment activities into advanced water technology at a time when public authorities and private operators face increasing pressure to address PFAS contamination. Hillwood Chairman Ross Perot Jr. said the firm viewed Hexivon’s approach as a potentially disruptive response to a major environmental challenge and expects the collaboration to support broader adoption. For Hexivon, the relationship provides more than financing because Hillwood has experience developing complex projects, coordinating with government stakeholders, and deploying long-term capital across infrastructure assets.
Technology and Treatment Model
Hexivon distinguishes its platform from conventional treatment methods that capture PFAS but may leave concentrated waste requiring transportation, storage, or additional disposal. The company says its system extracts the chemicals from continuously flowing water and destroys them on site at the molecular level while operating at ambient temperatures. This approach is designed to avoid transferring contaminants from water into filters, resins, membranes, or other residual materials that can create a separate waste-management problem.
Pilot Results and Independent Testing
The company cited a 2025 pilot project in Cary, North Carolina, as evidence of the system’s ability to operate at a meaningful treatment scale. During the project, Hexivon processed approximately 150,000 gallons of drinking water per day, reducing PFAS concentrations from 40 parts per trillion to levels reported as non-detectable. According to the announcement, independent laboratories certified by the Environmental Protection Agency evaluated the results, while the system completed the treatment process without generating waste.
Regulatory and Market Drivers
Demand for PFAS treatment technologies is rising as regulations, infrastructure funding, and public awareness push water providers toward stronger contamination controls. Hexivon highlighted Texas House Bill 500, which directed more than $1 billion to the Texas Water Development Board for water-related projects, including initiatives addressing PFAS. The company also said 29 public water systems across the Dallas-Fort Worth area had exceeded federal PFAS standards, presenting an immediate regional need for treatment capacity and project financing.
Commercial Deployment Plans
Hillwood and Hexivon plan to use the partnership to expand deployment among municipal utilities, industrial facilities, government customers, and environmental remediation projects across the United States. Hexivon Chairman Kevin Boscamp said Hillwood’s infrastructure expertise and relationships with public-sector organizations could help the company move its technology from successful pilots into wider commercial use. The investment may also strengthen Hexivon’s ability to support engineering, procurement, permitting, funding applications, and long-term project execution for customers managing contaminated water supplies.
Hillwood’s investment gives Hexivon a strategic partner as the company seeks to commercialize a treatment model focused on permanently destroying PFAS rather than simply separating the chemicals from water. The agreement reflects growing investor interest in water infrastructure technologies that can address environmental liabilities while helping utilities and industrial operators comply with stricter standards. Hexivon’s next challenge will be demonstrating that its pilot performance can be replicated reliably, economically, and at larger scales across varied water systems and contamination profiles.