Waterlogic’s M&A deals hit double figures in just seven months
MAIDENHEAD, UK, 17 JULY 2019 – Waterlogic, a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers, is pleased to announce that it has acquired 12 companies in the last seven months.
Waterlogic’s recent acquisition activity is a reflection of its position as a global leader in the fragmented market for workplace hydration, as well as the natural acquiror for high-quality providers of point-of-use water dispensers. The 12 acquisitions have enabled the company to enter new direct markets in Canada and Belgium as well as increase customer density and build capabilities in already established markets in the US, Australia and Western Europe.
“M&A offers major growth opportunities for Waterlogic as well as benefits for our customers, and we continue to maintain a healthy pipeline of acquisitions to augment organic growth in all our markets” explains Jeremy Ben-David, Group CEO Waterlogic.
In the US and Australia, the acquisitions of AWS South Bend, Leslie Water, My Better Water and Big Wet’s point-of-use business further consolidate Waterlogic’s market-leading presence in the company’s key territories. Whilst the acquisitions of Pure Life and Just Pure in Canada and Pure Services in Belgium establish Waterlogic with a direct presence for the first time in these important markets.
“These latest acquisitions help us achieve our ambition to lead the market with a range of environmentally sustainable solutions that provide more people around the world with access to high-quality drinking water,” continues Jeremy Ben-David.
The expansion of Waterlogic’s customer base and service network significantly strengthens the company’s position as the leading total water solutions provider of point-of-use dispensers, under-counter dispensers and specialty restaurant and hospitality solutions globally.
Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor. These are the most recent acquisitions as part of the company’s buy and build strategy since the acquisition by Castik, and following substantial acquisitions in the US, UK, Australia, Germany, France, Spain, Central and Eastern Europe, and Scandinavia.
Rosanna Turner, Group Marketing Communications Manager
Waterlogic is an innovative designer, manufacturer, distributor and operator of point-of-use (POU) drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants and other workplaces. Founded in 1992, Waterlogic was one of the first companies to introduce POU systems to customers worldwide, and has been in the forefront of the POU market, promoting product design and quality, the application of new technologies and world class sales and service. Waterlogic has its own subsidiaries in many markets and an extensive and expanding independent global distribution network in place, reaching over 60 countries around the world. Waterlogic products are currently distributed in North and South America, Europe, Asia, Australia and South Africa. Waterlogic’s leading markets are the US, Australia and Western Europe, in particular the UK, Scandinavia, Germany and France. More information can be found at www.waterlogic.com
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.