Quench Announces Acquisition of Carolina Pure Water Systems, LLC

Date : 07/15/2019 @ 9:15PM
Source : Business Wire
Stock : AquaVenture Holdings Limited (WAAS)
Quote : 17.18  -0.33 (-1.88%) @ 11:00PM
AquaVenture share price Chart

Quench Announces Acquisition of Carolina Pure Water Systems, LLC

AquaVenture (NYSE:WAAS)
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2 Months : From Jun 2019 to Aug 2019

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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.

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

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