Processing Magazine

Bledsoe invests in water tech company

August 12, 2009
The Boston Business Journal reports that former New England Patriots quarterback Drew Bledsoe’s investment firm has invested $10 million in a Florida water purification technology company. Bledsoe Capital Group founded in 2007 by the NFL veteran and Montana attorney Chad Wold, will receive a 33 percent stake in Ecosphere Energy Services LLC, a subsidiary of Stuart, Fla., water engineering and services firm Ecosphere Technologies Inc. Ecosphere Energy Services develops equipment for oil and gas firms to purify and recycle water used in exploration. The investment firm provided seed funding to develop a prototype and test it with energy companies. In a statement, Bledsoe said the firm was looking for a “green” technology to invest in.