Waterlogic has acquired Pure Water Technology Ohio and Pure Water Technology (PWT) Georgia, two US-based water dispenser businesses.
With the deals, Waterlogic has acquired 20 companies so far this year.
PWT Ohio and PWT Georgia were established in 2005 and have experienced more than 20% revenue growth per annum for the past five years. They have a customer base of more than 5,000.
“These are two very significant acquisitions for Waterlogic in the US and we’re very excited about the new opportunities they create for us,” said Jeremy Ben-David, group CEO, Waterlogic.
“PWT Georgia and PWT Ohio will be fully integrated into the Waterlogic family, giving their existing customers continued access to outstanding service and introducing Waterlogic’s range of cutting-edge hydration solutions.”
Tom Skerl, owner of PWT Ohio and PWT Georgia, said: “Waterlogic was the natural acquirer for our businesses. I am delighted that our customers and employees will be joining Waterlogic and look forward to seeing PWT Ohio and PWT Georgia go from strength to strength under Waterlogic’s ownership.”
In August, Waterlogic entered the Belgian market through a deal for cooler business Pure Services. Earlier in the year, the company acquired Lux Aqua’s Hungary and Czech Republic-based distribution units.
“We have achieved a formidable year of acquisitions to date,” said Jeremy Ben-David. “We continue to maintain a healthy pipeline to augment organic growth in all our markets. We’re on track for a strong close to the year and welcome additional conversations from companies looking to become part of the Waterlogic family.”
Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor.
© FoodBev Media Ltd 2019