Quench Announces Acquisition of Carolina Pure Water Systems, LLC
July 15 2019 - 04:15PM
Business Wire
Quench, an operating segment of AquaVenture
Holdings Limited (NYSE: WAAS) and a leading provider of filtered
water-as-a-service solutions for businesses across the United
States and Canada, announced today that it has acquired
substantially all of the assets of Carolina Pure Water Systems, LLC
(“Carolina Pure”), a point-of-use water filtration company based in
Raleigh, North Carolina. This acquisition adds more than 2,200
customers to Quench’s customer base in the high growth
Raleigh-Durham metro area.
Todd Peterson, COO of Quench, said: “We are thrilled to have
acquired Carolina Pure, and to have founder Steve Cole join the
Quench family. Carolina Pure was one of our independent dealers,
demonstrating our continued success in providing attractive exit
opportunities to the great entrepreneurs that form our extensive
and growing Pure Water Technology, Wellsys and Bluline indirect
business.”
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 and
independent dealers across the United States and Canada. Our
point-of-use (POU) systems purify a user’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, and
a network of over 250 independent dealers selling Quench products
under the brand names Pure Water Technology, Wellsys and Bluline.
Quench is an AquaVenture Holdings business. For more information,
please visit https://quenchwater.com.
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