Acquisition to expand Evoqua's water treatment service footprint in North America
Pittsburgh, PA & Chaska, MN – Evoqua Water Technologies (NYSE: AQUA), an industry leader in mission-critical water treatment solutions, today announced the closing of the previously announced acquisition of Smith Engineering, Inc. The addition of the business will enhance Evoqua's portfolio of high purity water treatment systems and expand its service footprint in North America.
Smith Engineering is a leader in the design, manufacturing, and service of custom high purity water treatment equipment headquartered in Chaska, Minnesota. The business offers a variety of water treatment products and services, including filtration, UV, reverse osmosis, deionization, and ultra-pure water systems.
"We are delighted to welcome the Smith Engineering team to the Evoqua family," said Ron Keating, Evoqua's Chief Executive Officer. "With the close of this transaction, Evoqua is well-positioned to expand its service footprint to provide proven water solutions for our customers in key markets."
With over 1,200 customers in North America, Smith Engineering primarily serves the biotech/pharmaceutical, data center, food and beverage, healthcare, medical device, and microelectronics markets.
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.