2 / 20
2
As of 08/09/2016
2
Q2
2016
Industry News and Highlights
Aquatech International
, the Pennsylvania-based advanced water treatment company, sold 40% of its
equity to
Ecolab Inc.
, a global leader in water, hygiene and energy technologies and services, in a deal
that involves an option to acquire the remainder of the business.
Evoqua Water Technologies
acquired
Neptune Benson
, a leader in commercial pool filtration from
Audax Group
. Audax built a portfolio of water filtration and disinfection products around Neptune
Benson over the past few years.
TestAmerica
, an environmental testing laboratory company, was acquired by
Shenzhen
-listed
consulting engineering firm
JSTI Group
. The merger positions JSTI to address the growing need for
advanced water sampling by Chinese companies.
H2O Midstream, LLC
announced that it has received $100 million in a round of funding in June 2016
from
EIV Capital
to build and operate midstreamwater assets in the O&G sector.
The five largest private contract operators in the North American water and wastewater market
(
Veolia, Severn Trent, American Water, CH2MHill
and
Suez
) generated combined revenues of $1.98
billion last year – a jump of 10.9% year-on-year.
Badger Meter
and
Sensus USA
are both exploring a sale by taking advantage of investor appetite for
metering assets ($5.1 billion sale of
Elster
to
Honeywell
end 2015). While Badger Meter is publicly-
traded, Sensus has been held by private equity (Jordan Company and Goldman Sachs) for the past 13
years.
Bilfinger Water Technologies
was renamed
Aqseptence Group
following its recent acquisition by
Chengdu Techcent
.
Bolder Capital
and
JZ Capital Partners
are divesting
Triwater Holdings
. Triwater focuses on trenchless
pipe rehab, industrial water treatment and residential filtration.
Dow Water & Process Solutions
broadened its capabilities in the wastewater space by injecting a
single-digit million dollar sum for a minority equity stake in Irish MABR specialist
OxyMem
.
AOSmith
acquired
AquaSana
for $87 million to establish a lead position in the growing residential
water treatment e-commerce. AOSmith is globally recognized for its leading residential and
commercial water heaters.
Industry News
and
Notable M&A
Activity