Wed, 05 Jul 2017 12:00 pm EDT
PITTSBURGH & FREDERICTON, New Brunswick, Canada--Evoqua today announced it has acquired ADI Systems, Lange Containment and Geomembrane Technologies (ADI) from ADI Group Inc. The three businesses are world leaders in wastewater solutions for industrial and manufacturing applications, primarily based in Fredericton, New Brunswick. Terms of the sale were not disclosed.
The business offers a wide range of technologies tailored to its customer base around the world in anaerobic digestion, aerobic treatment, and biogas treatment. The company also provides green energy recovery and water reuse technologies as well as industrial wastewater cover liners and containment systems. Combined, ADI Systems and Lange Containment based in Fredericton, and Geomembrane Technologies based in Denver, Colorado have more than 260 customers in 35 countries.
“The combination of ADI with Evoqua, including our recently acquired Environmental Treatment Systems business, gives us the widest-ranging industrial wastewater offerings to help our customers succeed,” said Ron Keating, Evoqua Chief Executive Officer.
Founded in 1989, ADI has approximately 100 employees. It will become a part of Evoqua’s Integrated Equipment Technologies segment within its Industrial Division.
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®.
About DESOTEC
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.
About Blackstone
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.