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Waterlogic Acquires Smart Water

Waterlogic Expands its Presence in the Mid-Atlantic

GRAPEVINE, TX, JULY 31st, 2020 --- Waterlogic, a vertically integrated global designer, manufacturer, distributor, and service provider of drinking water systems, is pleased to announce the acquisition of Smart Water. Smart Water is a provider of bottleless water coolers based in Kendall Park, New Jersey since its founding in 2002 by Drew and Natalie Chafey.

"We are grateful that Waterlogic is taking over what we started a long time ago! In our dealings with the M&A Team, we felt a sense of trust and understanding that made us very comfortable with the transaction. We appreciate Waterlogic's professionalism and know they are going to take good care of our customers." Drew and Natalie Chafey, Owners, Smart Water.

The acquisition increases Waterlogic's direct presence in the Mid-Atlantic, a key organic and M&A growth market for Waterlogic Americas.

"We are excited to announce the acquisition of Smart Water. Drew and Natalie built a service-oriented business, and I am thrilled to welcome their customers to the Waterlogic family." Casey Taylor, CEO, Waterlogic Americas

This marks Waterlogic Americas' 1st acquisition of 2020 and 15th since the start of 2019.The acquisition of Smart Water marks another step in Waterlogic's path towards its growth objectives. Waterlogic is dedicated to growth in the Americas, both through organic sales and acquisitions.

More on the M&A process can be found at www.waterlogic.com/en-us/merger-and-acquisitions or by reaching out directly to our M&A team.

M&A Contact

Joshua Forcum, VP of M&A, 317-225-5747 or joshua.forcum@waterlogicusa.com

About Waterlogic

Waterlogic is an innovative designer, manufacturer, distributor and service provider of drinking water dispensers and solutions designed for environments such as offices, factories, hospitals, restaurants, hotels, schools and public spaces. From freestanding, countertop and integrated dispensers to water filling stations, fountains and boilers, every solution focuses on delivering the best quality water in the most sustainable way. Founded in 1992, Waterlogic was one of the first companies to introduce mains-fed dispensers to customers worldwide, and has been at the forefront of the market promoting product design and water quality, the application of proprietary technologies, sustainability and world-class sales and service. Waterlogic has its own subsidiaries in 17 countries and its leading markets are the US, Australia and Western Europe, in particular the UK and Germany. In addition, Waterlogic's extensive and expanding independent global distribution network reaches over 50 countries around the world in North and South America, Europe, Asia, Australia and South Africa. More information can be found at www.waterlogic.com.

About Castik

Castik Capital S.à r.l ("Castik") manages investments in private equity. Castik is a European multistrategy investment manager, acquiring significant ownership positions in European private and public companies where long-term value can be generated through active partnerships with management teams. Founded in 2014, Castik is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. The advisor to Castik is Castik Capital Partners GmbH, based in Munich. Investments are made by the Luxembourg-based fund, EPIC I SLP, the first fund managed by Castik, which had its final fund close of EUR 1bn in July 2015. More information can be found at www.castik.com.