KING OF PRUSSIA, PA -- Quench , an operating segment of AquaVenture Holdings Ltd. and a leading provider of filtered water-as-a-service solutions for businesses across the U.S. and Canada, has acquired Pure Planet Water Inc. and Jonli Water Services Inc. Pure Planet, which was one of Quench's independent Wellsys dealers prior to the acquisition, is a point-of-use water filtration company based in Palm Desert, CA. Pure Planet's customer base and assets were integrated immediately upon acquisition. Jonli ...
December 18, 2019 by Emily Jed
KING OF PRUSSIA, PA -- Quench, an operating segment of AquaVenture Holdings Ltd. and a leading provider of filtered water-as-a-service solutions for businesses across the U.S. and Canada, has acquired Pure Planet Water Inc. and Jonli Water Services Inc.
Pure Planet, which was one of Quench's independent Wellsys dealers prior to the acquisition, is a point-of-use water filtration company based in Palm Desert, CA. Pure Planet's customer base and assets were integrated immediately upon acquisition.
Jonli is a POU water filtration service company based in Montreal, Quebec, Canada, and it extends Quench Canada's service capabilities into this top-five Canadian market. In aggregate, these acquisitions reportedly add approximately 1,300 customers and 2,200 units, including both company-owned rental and customer-owned service units.
"We are excited to announce the acquisitions of Pure Planet and Jonli, which extend our presence into new markets in both the U.S. and Canada," said Quench chief operating officer Todd Peterson. "We are pleased with the continued execution of our growth strategy of acquiring point-of-use water filtration companies in strategic markets that increase our customer density, expand our service coverage, and strengthen our unit economics."
AquaVenture Holdings is a multinational provider of water-as-a-service solutions. It is composed of two operating platforms: Quench, a leading provider of filtered water systems and related services with more than 155,000 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.
Headquartered in King of Prussia, PA, Quench has sales and service operations across North America to serve 55,000-plus customers, and a network of over 250 independent dealers selling Quench products under the brand names Pure Water Technology, Wellsys and Bluline.