Mon, 21 Dec 2020 7:00 am
Pittsburgh, PA & Dallas, TX – Evoqua Water Technologies (NYSE: AQUA), an industry leader in mission-critical water treatment solutions, today announced it has acquired the industrial water business of privately-held Ultrapure & Industrial Services, LLC, a subsidiary of Driessen Water, Inc. Ultrapure’s industrial operations are based out of Houston and Dallas, Texas. This acquisition will further strengthen Evoqua’s service capabilities in the Houston and Dallas markets and the surrounding regions. Terms of the deal were not disclosed.
Ultrapure’s Texas-based operations focus on water purification services and equipment, serving the healthcare, laboratory, power, microelectronics, food and beverage, oil and gas, commercial, and manufacturing markets. Ultrapure provides its customers with a variety of water treatment products and services, including service deionization, reverse osmosis, UV, and ozonation.
“For over 20 years, Ultrapure’s industrial operations has built a reputation as a trusted partner, providing reliable water solutions and services to their broad customer portfolio,” said Evoqua Chief Executive Officer Ron Keating. “We are delighted to welcome the Houston and Dallas Ultrapure team to the Evoqua family.”
About Evoqua Water Technologies
Evoqua Water Technologies is a leading provider of mission critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across nine countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life®.
DESOTEC, founded in 1990, is the leading European provider of mobile filtration solutions through a unique and circular service concept, which helps protect the planet by enabling clean water, air, and soil. DESOTEC's customer base is constantly growing thanks to a strong focus on 24/7 service and a commitment to design and deliver the best solution in close dialogue with the customer. Through in-depth expertise of industrial applications and continuous investment in mobile filters, reactivation capacity and well-positioned hubs, DESOTEC ensures that the industry can meet the increasing regulations for a better and cleaner environment. Private equity funds managed by Blackstone acquired DESOTEC in 2021. Further information is available at www.desotec.com.
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $951 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com.