STEPHANIE RITENBAUGH | Originally published on triblive.com Wednesday, March 1, 2023 3:49 p.m.
Pittsburgh-based Evoqua Water Technologies (R3A designed its headquarters) said it acquired a Texas industrial water treatment service business.
Evoqua did not disclose the financial terms of the deal for the former Bob Johnson & Associates service business from Kemco Systems.
The transaction includes the industrial water treatment service business accounts for the Houston and Waxahachie, Texas, regions as well as its deionization and carbon tank assets.
“This acquisition will expand our service and aftermarket business in the Texas market while strengthening our ability to better support and serve our industrial customers in the region,” said Evoqua CEO Ron Keating.
The Texas business serves customers primarily in the health care, educational, pharmaceutical, beverage and manufacturing markets. It provides customers with deionization exchange, membrane cleaning and preventative maintenance service.
Evoqua has been undergoing a lot of changes this year.
A few weeks later, Evoqua announced that it would sell its carbon reactivation and slurry operations to Desotec, a company headquartered in Belgium that specializes in industrial mobile filtration. The sale to Desotec, scheduled to close before June 30, is expected to generate gross proceeds of about $100 million.
Evoqua’s technology has been used in the life sciences, microelectronics, power and food and beverage sectors. It also has been used in the remediation of pollutants including “forever chemicals” called PFAS — industrial compounds used in products ranging from cookware to carpets that are associated with serious health conditions.