Quench Announces Acquisition of Aguaman, Inc.

Quench Announces Acquisition of Aguaman, Inc.

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KING OF PRUSSIA, Pa.–(BUSINESS WIRE)–Quench, an operating segment of AquaVenture Holdings Limited (NYSE:
WAAS) and a leading provider of filtered water coolers, ice machines,
sparkling water dispensers and coffee brewers for businesses across the
United States and Canada, announced today that it has acquired
substantially all of the assets of Aguaman, Inc., a point-of-use water
filtration company based in Miami, Florida. This acquisition is Quench’s
10th since the beginning of 2018 and adds approximately 900
customers, growing Quench’s customer base by more than 50% in the top-10
U.S. metro area of South Florida.

Todd Peterson, COO of Quench, stated: “We are excited to announce the
acquisition of Aguaman in the high-growth South Florida market. Aguaman
was a dealer of Bluline, the South Florida-based water cooler
distributor we acquired in December of 2018. Our ability to provide exit
opportunities to our extensive network of independent dealers is a
meaningful differentiator for Quench and supports our inorganic growth
strategy.”

About AquaVenture

AquaVenture Holdings (NYSE: WAAS) is a multinational provider of WAAS®
solutions that provide customers a reliable and cost-effective source of
clean drinking and process water primarily under long-term contracts
that minimize capital investment by the customer. AquaVenture is
composed of two operating platforms: Quench, a leading provider of
filtered water systems and related services with over 140,000 units
installed at institutional and commercial customer locations across the
U.S. and Canada; and Seven Seas Water, a multinational provider of
desalination and wastewater treatment solutions, providing more than 8.5
billion gallons of potable, high purity industrial grade and ultra-pure
water per year to governmental, municipal, industrial and hospitality
customers.

About Quench

Quench USA, Inc. offers WAAS solutions by providing filtered water
systems, including bottleless water coolers, ice machines, sparkling
water dispensers and coffee brewers, to customers across the United
States and Canada. Our point-of-use (POU) systems purify a building’s
existing water supply to provide reliable and convenient filtered water
to a broad mix of businesses, including government, education,
healthcare, manufacturing, retail, hospitality, and other large
commercial customers, including more than half of the Fortune 500.
Headquartered in King of Prussia, PA, Quench has sales and service
operations across North America to serve our 50,000+ customers. Quench
is an AquaVenture Holdings business. For more information, please visit https://quenchwater.com.

Contacts

[email protected]
Investor
Hotline: 855-278-WAAS (9227)

Angela Fuller

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