Quench Announces Acquisition of Alpine Water Systems
KING OF PRUSSIA, Pa., Aug. 6, 2018 /PRNewswire/ -- Quench, an operating platform of AquaVenture Holdings Limited (NYSE: WAAS) and a leading provider of filtered water coolers, ice machines, sparkling water dispensers and coffee brewers for businesses across the United States and Canada, announced today that it has acquired substantially all of the assets of Alpine Water Systems, LLC, a point-of-use water filtration company based in Las Vegas, Nevada. Alpine is a leading provider of filtered water coolers with over 20 years of experience serving large national customers, and has operations in eleven major metropolitan areas across the United States.
Quench also announced the acquisitions of substantially all the assets of JMS Group, Inc., d/b/a Aqua Coolers, on April 2, 2018, and of La Ferla Group LLC, d/b/a Avalon Water, on June 4, 2018. Aqua Coolers adds to Quench's growing presence in the Chicago, Illinois area, and Avalon Water enhances Quench's leading position in the Atlanta, Georgia metropolitan area, and marks the first acquisition of a Wellsys dealer since the acquisition of Wellsys in September 2017.
"We are excited to announce these transactions, our 7(th), 8(th) and 9(th) acquisitions since our IPO, as we continue to execute our growth strategy," commented Tony Ibarguen, President of AquaVenture Holdings and CEO of Quench. "These strategic deals expand our client base in existing and new markets, and bring our total rental asset base to over 125,000 company-owned units across the US and Canada. We are honored to welcome all of our new teammates and clients to the AquaVenture family."
About AquaVenture
AquaVenture is a multinational provider of Water-as-a-Service(TM) (WAAS(TM)) solutions that provide customers a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts that minimize capital investment by the customer. AquaVenture is composed of two operating platforms: Quench, a U.S.-based provider of POU filtered water systems and related services to more than 45,000 institutional and commercial customers; 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.
About Quench
Quench USA, Inc. offers WAAS solutions by providing filtered water systems, including bottleless water coolers, ice machines, sparkling water dispensers and coffee brewers, to customers across the United States and Canada. Our point-of-use (POU) systems purify a building's existing water supply to provide reliable and convenient filtered water to a broad mix of businesses, including government, education, healthcare, manufacturing, retail, hospitality, and other large commercial customers, including more than half of the Fortune 500. Headquartered in King of Prussia, PA, Quench has sales and service operations across North America to serve our 45,000+ customers. Quench is an AquaVenture Holdings business. For more information, please visit https://quenchwater.com.
Investor Hotline: 855-278-WAAS (9227)
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SOURCE AquaVenture Holdings Limited; Quench USA, Inc.
