Mar 25, 2019

Waterlogic, a vertically integrated global designer, manufacturer, distributor and service provider of drinking water systems, is pleased to announce the acquisition of US-based Onesource. Onesource is a leading operator of point-of-use (“POU”) drinking water systems in the US market, headquartered in Farmington, CT. The acquisition adds approximately 48,000 POU water coolers in over 30 markets across the country to Waterlogic’s existing US operations, resulting in a combined total of over 80,000 POU coolers in the field. The combined Waterlogic USA operation will be able to deliver unparalleled service to the workplace hydration market, offering existing and potential customers the most comprehensive offering in POU water coolers, specialty sparkling water, and ice options. This acquisition represents a substantial milestone on Waterlogic’s path towards becoming a global leader and Waterlogic’s commitment to growth in the United States, both organically and through acquisition. “We are thrilled about having Onesource join the Waterlogic team in the US and believe this is a great platform to grow from in the future. We warmly welcome Onesource employees and management to Waterlogic and are excited by the prospects of becoming a truly national player with now more than 35 locations across the country. We hope this will also give us the opportunity to encourage additional independent POU watercooler businesses to join Waterlogic going forward,” says Casey Taylor, CEO of Waterlogic USA. “We are excited to become part of Waterlogic. Their team has great integrity and passion for water” added David Putt. John Pavlovich went on to explain “Waterlogic and Onesource have a shared culture of focusing on customer service and providing the best solutions. There is clearly a great fit for our customers and team members.” John Pavlovich and David Putt, formerly Co-Presidents Onesource, are now respectively Chief Operating Officer and Chief Commercial Officer, Waterlogic USA. Waterlogic was acquired in January 2015 by funds managed by Castik Capital S.à.r.l (“Castik”), the European private equity investor. The acquisition of Onesource is the eighth manifestation of the company’s buy-and-build strategy since the acquisition by Castik, following substantial acquisitions in the UK, Australia, Norway and Denmark. Castik believes that this buy-and-build strategy in a fragmented market, coupled with tenacious organic growth in a growing industry with high recurring revenues, can create significant value. Waterlogic and Castik were advised on the transaction by White & Case and PwC. Onesource was advised by Robert W. Baird & Co. and Latham and Watkins LLP. Media Contact: