Waterlogic Completes Acquisitions Of Pure Water Technology In Ohio And Georgia

Posted On: 11/12/2019

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MAIDENHEAD, England -- Waterlogic, a leading global manufacturer, distributor and service provider of purified drinking water dispensers, has acquired Pure Water Technology (PWT) Ohio and PWT Georgia, two major water dispenser businesses in the U.S. With these acquisitions, Waterlogic reaches the milestone of 20 companies acquired in 2019 to date.

PWT Ohio and PWT Georgia were established in 2005 and have grown to be among the top PWT distributors by volume in recent years. They have experienced more than 20% annual revenue growth for the past five years. Its acquisition strategy to target premium businesses has yielded more than customer base

Waterlogic said PWT Ohio and PWT Georgia Tom Skerl will continue in his leadership role.

"These are two very significant acquisitions for Waterlogic in the U.S. and we're very excited about the new opportunities they create for us," said Waterlogic group chief executive Jeremy Ben-David. "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."

"Waterlogic was the natural acquirer for our businesses," Skerl commented. "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."

The deals add 11,000 dispensers and take the total Waterlogic dispensers in North America to more than 130,000, building upon several other significant acquisitions in 2019. These include PWT Central of New Jersey, AWS South Bend, Leslie Water, My Better Water, Pure Texan Water and Polar Ice and Water, increasing customer density in the U.S. and building capabilities in the company's already established market. In Canada, the acquisitions of City Water, Just Pure Water and Aquarian Pure Water position Waterlogic as the largest point-of-use company in the country.

Elsewhere, Waterlogic's acquisition of Aquafree, Chile's largest point-of-use company, established Waterlogic with a direct presence for the first time in this thriving market. The deal provides opportunities for future long-term growth in Chile and expansion across Latin America. This followed its entry in Belgium earlier this year with the acquisition of Pure Services.

Waterlogic's 2019 acquisition activity reflects its position as a global leader in the market for workplace hydration solutions, as well as the natural acquirer for high-quality providers of point-of-use water dispensers. Since January, the company has acquired 20 companies in the U.S., Canada, Chile, Australia and Western Europe.

"We have achieved a formidable year of acquisitions to date," Ben-David concluded. "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, a European private equity investor.

Waterlogic's point-of-use drinking water purification and dispensing systems are designed for offices, factories, hospitals, hotels, schools, restaurants and other workplaces. Founded in 1992, Waterlogic was one of the first companies to introduce POU systems to customers worldwide. Waterlogic has its own subsidiaries in many markets and an extensive and expanding independent global distribution network in place, reaching over 60 countries around the world. Its products are currently distributed in North and South America, Europe, Asia, Australia and South Africa. Waterlogic's leading markets are the US, Australia and Western Europe, in particular the UK, Scandinavia, Germany and France.