Waterlogic Acquires The Cooler Company
Waterlogic Americas grows its business in the "Biggest Little City in the World"
Grapevine, TX, August 31st, 2020 --- Waterlogic, a vertically integrated global designer, manufacturer, distributor, and service provider of drinking water systems, is pleased to announce the acquisition of The Cooler Company. A provider of Natural Choice and Wellsys bottleless water coolers, The Cooler Company has been owned and operated by Doug Bernard in Reno, Nevada since 2015.
"I am excited to announce our sale to Waterlogic. The team at Waterlogic made the process as stress free and as smooth as possible. With such economic uncertainty going on this year, I really appreciated the Waterlogic M&A team's approach. I'm confident that my customers will be taken care of moving forward." Doug Bernard, Owner, The Cooler Company
The acquisition adds density to the Waterlogic's existing operations in Reno, Nevada.
"I am pleased to announce the acquisition of The Cooler Company. Doug developed a great water business serving businesses throughout northwest Nevada. We are excited to expand our presence within the area." Casey Taylor, CEO, Waterlogic Americas
This marks Waterlogic America's 3rd acquisition of 2020, and 17th since the start of 2019, and signifies 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.
Joshua Forcum, VP of M&A, 317-225-5747 or firstname.lastname@example.org
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.
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.