Culligan acquires AquaVenture, divests Seven Seas Water
Culligan has completed its acquisition of AquaVenture Holdings Ltd and sold the Seven Seas Water operating segment to Morgan Stanley Infrastructure Partners. Culligan will retain AquaVenture’s Quench operating segment, which provides bottle-free, filtered drinking water systems and services.
“We are excited to announce that the Quench team, and their leading platform in the US Office Bottle Free Cooler market, is officially part of the Culligan family,” said Scott Clawson, CEO of Culligan.
Seven Seas Water is a multinational provider of desalination and wastewater treatment solutions. Culligan is owned by private equity investor Advent International.