AquaVenture Holdings subsidiary Quench has acquired Carolina Pure Water Systems, a US-based distributor of water purification systems and office drinking water solutions, for an undisclosed sum.
This acquisition is the 11th that Quench has made since the beginning of 2018, and the company claims that the acquisition adds more than 2,200 customers to Quench’s customer base in the “high growth” Raleigh-Durham metropolitan area.
Todd Peterson, chief operating officer 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.”
Quench has made a number of significant acquisitions over the last year to expand its US operations.
Last month, Quench acquired Florida-based point-of-use cooler distributor Aguaman, in a move which expanded Quench’s customer base by more than 50% in South Florida.
In December 2018, Quench secured a deal to buy US water cooler provider Pure Health Solutions (PHSI) for approximately $57.6 million, AquaVenture’s second-largest acquisition since it launched an IPO in late 2016.
In the same month, Quench acquired water cooler manufacturer Bluline for an undisclosed sum. Bluline produces a range of point-of-use water coolers, and Quench claimed that the addition of the business significantly expanded its portfolio of filtered water coolers, ice machines, sparkling water dispensers and coffee brewers.
© FoodBev Media Ltd 2019