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Pennsylvania Ag News Headlines
Quench to Acquire Mirex AquaPure Solutions, Flowline Canada
Pennsylvania Ag Connection - 10/09/2019

Quench, King of Prussia, Pa., an operating segment of AquaVenture Holdings Limited and a leading provider of filtered water-as-a-service solutions for businesses across the United States and Canada, announced today that it has acquired substantially all of the assets of Mirex AquaPure Solutions, L.P. and Flowline Canada, Inc.

Mirex is a point-of-use (POU) water filtration company based in Houston, Texas, a top-5 US metro area. Mirex has been in business for nearly 20 years and built a loyal commercial customer base. Notably, Mirex was an early and rapid adopter of specialty POU products, such as ice dispensers, which enjoy attractive rental rates. Flowline is a point-of-use water filtration company based in Edmonton, Canada, a top-10 Canadian market. In aggregate, these acquisitions add approximately 1,400 customers and 3,000 rental units.

Todd Peterson, COO of Quench, said: "We are excited to announce the acquisitions of Mirex and Flowline. Mirex increases our customer penetration in one of the most attractive US markets, while Flowline extends our geographic footprint to an important metro area in Canada. We continue to execute our growth strategy by acquiring point-of-use water filtration companies in strategic markets that increase our customer density, expand our service coverage, and strengthen our unit economics. In addition, Flowline was one of our independent dealers, which demonstrates our continued success in providing attractive exit opportunities to our extensive dealer network."

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