Waterlogic Acquires Minnesota Water and Water Engineering Technologies

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Oct 08, 2018, 09:15 ET

CONCORD, Calif., Oct. 8, 2018 /PRNewswire/ -- Waterlogic, a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers, is pleased to announce the acquisitions of Minnesota Water and Water Engineering Technologies.

Minnesota Water, based in Maplewood, Minnesota, has been a leading provider of PHSI point-of-use water coolers since 2012. The acquisition provides Waterlogic with a direct operation in the Minneapolis-St. Paul area, increasing Waterlogic's direct service and sales presence to 50 markets throughout the U.S. and Canada including all the top 40 U.S. Metropolitan Statistical Areas.

Steve and Shelly Norenberg, owners of Minnesota Water, said: "We are delighted to have completed the sale of our business to Waterlogic. We could not have found a better option for our customers, our employees, or our family. We appreciated how honest and transparent Waterlogic was throughout the process and we will be excited to see the business grow under Waterlogic's ownership."

Water Engineering Technologies (W.E.T.) is a premium provider of point-of-use water coolers, headquartered in Burien, Washington since 1998. The acquisition of W.E.T.'s business strengthens Waterlogic's market presence in the Pacific Northwest, allowing for increased and more efficient customer reach in this important market.

Chuck Lockart, Owner, Water Engineering Technologies, said: "Waterlogic was great throughout the process and I am very pleased with the transaction. I have a lot of long-time customers and I know that they will be in good hands with Waterlogic."

With these two acquisitions, Waterlogic has now completed ten acquisitions in the U.S. and Canada in the last nine months:

Pure Water Technology of the Inland Empire – Redlands, California
Clover Hill Water Solutions – Marlboro, New Jersey
Pure Water Technology of DFW – Fort Worth, Texas
Pure Water Technology of North Alabama – Huntsville, Alabama
Streamline Water – Phoenix, Arizona
Streamline Water – El Paso, Texas
Pure Water Technology of Northern Illinois – Chicago, Illinois
Just Pure Water – Toronto, Ontario
Water Engineering Technologies – Seattle, Washington
Minnesota Water – Minneapolis, Minnesota

With these additions, and a strong focus on organic growth, Waterlogic services nearly 100,000 point-of-use coolers throughout North America, delivering on its customer promise of Hassle Free, Great Tasting Water, Every Day.

"I am thrilled to add these two excellent companies to Waterlogic Americas," said Casey Taylor, CEO Waterlogic Americas. "With Minnesota Water, we expand our presence in Minneapolis to help us provide even better service in the Twin Cities. Likewise, combining Water Engineering Technologies with our existing Seattle branch will allow us to reach more customers in the Pacific Northwest. We are adding outstanding employees from each company, with significant experience and expertise, making our team even stronger."

Waterlogic remains dedicated to growth in the Americas, both through organic sales and through acquisition.

"Our organic and M&A funnels remain full for 2018 and into 2019 with several executed Letters of Intent for deals that we anticipate closing in Q4 2018," said Joshua Forcum, VP M&A, Waterlogic Americas.

More on the M&A process can be found at www.waterlogic.com/en-us/merger-and-acquisitions or by reaching out directly to our M&A Team.

M&A Contacts
Joshua Forcum, Vice President of M&A, 317-225-5747 or [email protected]
Mike Wisniewski, Corp. Dev. Manager, 860-269-9445 or [email protected]

SOURCE Waterlogic