Baird served as a co-manager on this offering
AboutEvoqua Water Technologies Corp. (“Evoqua” or the “Company”) (NYSE: AQUA) recently priced a secondary offering of 20,125,000 common shares at a price of $22.00 per share, including 2,625,000 shares sold upon full exercise of the overallotment option, generating gross proceeds of approximately $443 million. The selling stockholders, including investment funds affiliated with AEA Investors LP (“AEA”), will receive all of the proceeds from the offering.
Evoqua is a leading provider of mission critical water treatment solutions, offering services, systems and technologies to support its customers’ full water lifecycle needs. The Company has worked to protect water, the environment and its employees for over 100 years, earning a reputation for quality, safety and reliability around the world. Evoqua operates 160 locations in eight countries and, with over 200,000 installations and 87 service branches, the Company holds leading positions in the North American industrial, commercial and municipal water treatment markets. Evoqua employs approximately 4,000 individuals and is headquartered in Pittsburgh, Pennsylvania.
Founded in 1968, AEA currently manages approximately $10 billion of capital for an investor group that includes former and current chief executive officers of major multinational corporations, family groups and institutional investors from around the world. With a staff of approximately 75 investment professionals and offices in New York, Stamford, London, Munich and Shanghai, AEA focuses on investing in companies in the consumer products / retail, industrial, specialty chemicals and related services sectors.
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- March 2018
- Evoqua Water Technologies Corp.
- Target Location
- North America
- Acquiror Location
- North America