Tue, 04 Sep 2018 12:00 am EDT
PITTSBURGH & MONTREAL--(BUSINESS WIRE)--Evoqua Water Technologies Corp. (NYSE: AQUA) today announced it has acquired privately held IsH20Top (pronounced “isotope”) Group, a Quebec-based provider of high-purity water treatment equipment and systems, equipment maintenance services and service deionization. The acquisition strengthens Evoqua’s Canadian service capabilities. Terms of the deal were not disclosed.
IsH20Top serves the ultrapure pharmaceutical, laboratory, medical, university, industrial and microelectronics markets in the Quebec region. It provides its customer base with a variety of solutions including reverse osmosis, deionized water systems and steam purification.
“It's with great enthusiasm that the IsH20Top team joins the Evoqua family. Our common customer service dedication is clearly a determining factor in the decision to join,” said Pierre Reznyak, President, IsH20Top Group. It will join Evoqua’s Light Industry Technologies division, which is a part of Evoqua’s Industrial Segment, and will extend the company’s service network.
“For 25 years, IsH20Top has been very successful by delivering excellent customer service and building a reputation as a trusted partner,” said Evoqua Chief Executive Officer Ron Keating. “We welcome IsH20Top to the Evoqua family and are excited by the opportunity to help them grow as part of Evoqua.”
Evoqua has a service and support network that is four times larger than its next largest competitor. As a result, a certified Evoqua Service Technician is no more than a two-hour drive from 90 percent of the company’s 25,000 industrial customers.
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.
