Baird served as a passive book-running manager on this offering
AboutEvoqua Water Technologies Corp. (“Evoqua”) (NYSE: AQUA) recently completed a secondary offering of 13,000,000 shares of common stock at a price of $19.50 per share, generating gross proceeds of $253.5 million. The selling stockholders, including investment funds affiliated with AEA Investors LP (“AEA”), will receive all of the proceeds from the offering. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,950,000 shares of common stock from the selling stockholders.
Evoqua is a leading provider of mission critical water treatment solutions, offering services, systems and technologies to support its customers' full water lifecycle needs. With over 200,000 installations worldwide, Evoqua holds leading positions in the industrial, commercial and municipal water treatment markets in North America. Evoqua offers a comprehensive portfolio of differentiated, proprietary technology solutions sold under a number of market-leading and well-established brands to their global customer base. As a result, Evoqua has earned a reputation for quality, safety and reliability and is sought out by its customers to solve the full range of their water treatment needs. Evoqua is headquartered in Pittsburgh, Pennsylvania.
Founded in 1968, AEA currently manages approximately $15 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 80 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 2020
- Evoqua Water Technologies Corp.
- Target Location
- North America