Quench Announces Acquisition of Aguaman, Inc.
June 03 2019 - 4:05PM
Business Wire
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.
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