Coffee Service

Pentair to acquire Ken’s Beverage

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April 21, 2021

Pentair PLC, a provider of water treatment and sustainable solutions, has agreed to acquire the assets of Ken's Beverage Inc., a provider of beverage equipment and service to commercial customers.

"KBI brings a valuable national direct service network to the portfolio, allowing Pentair to seamlessly manage the full customer experience, including product development, sales, installation and service to ensure the best quality products are matched with the most reliable and dedicated service network for all commercial applications," Mario D'Ovidio, executive vice president and president, Pentair Consumer Solutions, said in the press release.

Total consideration for the transaction is approximately $80 million in cash, subject to customary adjustments. The transaction is anticipated to be completed in the second quarter of 2021, subject to customary closing conditions.