Deal Details

Aquion Is Acquired by Pentair

Industrial

Aquion, a portfolio company of Mason Wells, sale to Pentair

Summary

Water Ingenuity Holdings Corp. (d/b/a Aquion, Inc.) (“Aquion”), a portfolio company of Mason Wells Buyout Fund III, LP (“Mason Wells”), was acquired by Pentair plc (“Pentair”) (NYSE:PNR) for $160 million in cash, subject to customary adjustments.

Baird served as financial advisor to Aquion, Inc. on this transaction.

About

Aquion is a manufacturer and marketer of premium water treatment equipment and water quality solutions that serves a variety of markets around the world. Aquion offers a diverse line of water conditioners, iron filters, carbon filters, drinking-water systems, ozone and ultraviolet disinfection systems, reverse osmosis systems and acid neutralizers for the residential and commercial water treatment industry. Aquion’s residential brands include RainSoft and Erie Water Treatment, and its commercial brands include OptiPure and ClearWater Tech. Aquion is headquartered in Roselle, Illinois.

Mason Wells is a leading Midwest-based private equity firm with approximately $1.0 billion in assets under management across its current private equity funds. Mason Wells is currently investing out of Mason Wells Buyout Fund IV, a $615 million fund. Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors: Consumer Packaged Goods, Outsourced Business Services, Engineered Products & Services, and Packaging Materials & Converting. Mason Wells is headquartered in Milwaukee, Wisconsin.

Pentair delivers a comprehensive range of smart, sustainable water solutions to homes, business and industry around the world. Its industry leading and proven portfolio of solutions enables its customers to access clean, safe water. Pentair had revenue in 2018 of $3 billion, and trades under the ticker symbol PNR. Pentair has approximately 130 locations in 34 countries and 10,000 employees.

Industrial

Aquion, a portfolio company of Mason Wells, sale to Pentair