Quench Announces Acquisition of Aguaman, Inc.

Date : 06/03/2019 @ 9:05PM
Source : Business Wire
Stock : AquaVenture Holdings Limited (WAAS)
Quote : 18.91  0.26 (1.39%) @ 9:01PM
AquaVenture share price Chart

Quench Announces Acquisition of Aguaman, Inc.

AquaVenture (NYSE:WAAS)
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Quench, an operating segment of AquaVenture Holdings Limited (NYSE: WAAS) and a leading provider of filtered water coolers, ice machines, sparkling water dispensers and coffee brewers for businesses across the United States and Canada, announced today that it has acquired substantially all of the assets of Aguaman, Inc., a point-of-use water filtration company based in Miami, Florida. This acquisition is Quench’s 10th since the beginning of 2018 and adds approximately 900 customers, growing Quench’s customer base by more than 50% in the top-10 U.S. metro area of South Florida.

Todd Peterson, COO of Quench, stated: “We are excited to announce the acquisition of Aguaman in the high-growth South Florida market. Aguaman was a dealer of Bluline, the South Florida-based water cooler distributor we acquired in December of 2018. Our ability to provide exit opportunities to our extensive network of independent dealers is a meaningful differentiator for Quench and supports our inorganic growth strategy.”

About AquaVenture

AquaVenture Holdings (NYSE: WAAS) is a multinational provider of WAAS® solutions that provide customers a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts that minimize capital investment by the customer. AquaVenture is composed of two operating platforms: Quench, a leading provider of filtered water systems and related services with over 140,000 units installed at institutional and commercial customer locations across the U.S. and Canada; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.

About Quench

Quench USA, Inc. offers WAAS solutions by providing filtered water systems, including bottleless water coolers, ice machines, sparkling water dispensers and coffee brewers, to customers across the United States and Canada. Our point-of-use (POU) systems purify a building’s existing water supply to provide reliable and convenient filtered water to a broad mix of businesses, including government, education, healthcare, manufacturing, retail, hospitality, and other large commercial customers, including more than half of the Fortune 500. Headquartered in King of Prussia, PA, Quench has sales and service operations across North America to serve our 50,000+ customers. Quench is an AquaVenture Holdings business. For more information, please visit https://quenchwater.com.

investors@aquaventure.comInvestor Hotline: 855-278-WAAS (9227)

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