Announced
Completed
Financials
Tags
Completed
Acquisition
Merger
Majority
Friendly
Water
water services
United States
Public
Single Bidder
Private Equity
Domestic
Synopsis
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.
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