Quench Announces Acquisitions of Pure Planet Water, Inc. and Jonli Water Services, Inc.
AQUAVENTURE HOLDINGS LTD (WAAS)
Last aquaventure holdings ltd earnings: 3/5 05:05 pm
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Source: Business Wire
KING OF PRUSSIA, Penn.--(BUSINESS WIRE)--Quench, an operating segment of AquaVenture Holdings Limited (NYSE: WAAS) and a leading provider of filtered water-as-a-service solutions for businesses across the United States and Canada, announced today that it has acquired substantially all of the assets of Pure Planet Water, Inc. (“Pure Planet”) and Jonli Water Services, Inc. (“Jonli”).Pure Planet, which was one of Quench’s independent Wellsys dealers prior to the acquisition, is a point-of-use (POU) water filtration company based in Palm Desert, California. Pure Planet’s customer base and assets were integrated immediately upon acquisition. Jonli is a POU water filtration service company based in Montreal, Quebec, Canada, and it extends Quench Canada’s service capabilities into this top-5 Canadian market. In aggregate, these acquisitions add approximately 1,300 customers and 2,200 units, including both company-owned rental and customer-owned service units.Todd Peterson, COO of Quench,
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