Quench Announces Acquisition of Bluline
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Dec 3, 2018--Quench, an operating segment 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 Bluline, a point-of-use water filtration dealer and distributor based in South Florida. This acquisition adds approximately 900 new clients with more than 1,300 rental and service units to Quench’s installed asset base and increases customer density in the top 12 U.S. Metro area of South Florida. Additionally, Bluline’s distribution business adds dozens of dealers and ecommerce partners who resell the company’s product line of water coolers and filters throughout the U.S. and over the internet.
“We are excited to welcome Bluline’s customers and team to the Quench family,” commented Tony Ibarguen, President of AquaVenture Holdings and CEO of Quench. “South Florida has been a target market for us for a long time, and Bluline’s customer base and dealer network fit perfectly with our growth strategy. This represents Quench’s 8 th acquisition of 2018.”
AquaVenture is a multinational provider of WAAS™ 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 leading provider of filtered water systems and related services with over 125,000 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.
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.
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KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: ENERGY UTILITIES RETAIL FOOD/BEVERAGE SPECIALTY
SOURCE: AquaVenture Holdings Limited
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PUB: 12/03/2018 04:05 PM/DISC: 12/03/2018 04:05 PM