Advent-backed Culligan completed the acquisition of AquaVenture for $1.1bn.

Advent-backed Culligan, the innovative brand in consumer-focused and sustainable water solutions and services, completed the acquisition of AquaVenture, a multinational developer and provider of sustainable Water-as-a-Service® solutions, for $1.1bn. "We are pleased to reach this agreement to join forces with Culligan and its leading presence in the global water industry, and believe it delivers compelling value to all AquaVenture stakeholders. Our leadership team is proud of the development and success of AquaVenture, and excited for what our employees can accomplish in partnership with Culligan in the future," Anthony Ibargüen, AquaVenture President and CEO.