M&A Deal Summary

Evoqua Acquires Mar Cor

On December 20, 2021, Evoqua acquired environmental company Mar Cor from Steris for 196M USD

Acquisition Highlights
  • This is Evoqua’s 6th transaction in the Environmental sector.
  • This is Evoqua’s largest (disclosed) transaction.
  • This is Evoqua’s 15th transaction in the United States.
  • This is Evoqua’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-12-20
Target Mar Cor
Sector Environmental
Buyer(s) Evoqua
Sellers(s) Steris
Deal Type Divestiture
Deal Value 196M USD

Target

Mar Cor

Plymouth, Minnesota, United States
Mar Cor offers significant technical expertise in designing, building, and servicing high-purity water treatment systems to an installed base of approximately 5,500 sites. Mar Cor was founded in 1969 and is headquartered in Plymouth, Minnesota.

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Buyer(S) 1

Buyer

Evoqua

Pittsburgh, Pennsylvania, United States
Category Company
Founded 2014
Sector Environmental
Revenue 1.7B USD (2022)
DESCRIPTION

Evoqua provides water and wastewater treatment products, systems, and services for industrial and municipal customers. Its comprehensive, cost-effective, and reliable treatment systems and services reduce fresh water demand, ensure uninterrupted quantity and quality of water, and enable regulatory and environmental compliance. With a wide range of proven product brands and advanced water and wastewater treatment technologies, mobile and emergency water supply solutions, and service contract options, Evoqua helps cities provide clean water and industrial plants to maintain productivity and profitability. Evoqua was founded in 2014 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 19 of 21
Sector (Environmental) 6 of 6
Type (Divestiture) 6 of 6
State (Minnesota) 1 of 2
Country (United States) 15 of 17
Year (2021) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Water Consulting Specialists

Doylestown, Pennsylvania, United States

Headquartered in Pocasset, Massachusetts, with operations in Pompton Plains, New Jersey, and Philadelphia, Pennsylvania, Water Consulting Specialists offers high-purity water expertise, design/build, turnkey solutions, and service capabilities for customers in the pharmaceutical, healthcare, microelectronics, and food and beverage markets. WSCI provides a variety of water treatment solutions and services, including pretreatment, service deionization (SDI), reverse osmosis (RO), and electrodeionization (EDI).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Smith Engineering

Chaska, Minnesota, United States

Smith Engineering is involved in the design, manufacturing, and service of custom high purity water treatment equipment serving the biotech/pharmaceutical, data center, food and beverage, healthcare, medical device, and microelectronics markets. With over 1,200 customers in North America, the company offers a variety of water treatment products and services, including filtration, UV, reverse osmosis, and deionization. Smith Engineering is based in Chaska, Minnesota.

Buy -

Seller(S) 1

SELLER

Steris

Dublin 2, Ireland
Category Company
Founded 1985
Sector Medical Products
Employees18,000
Revenue 5.1B USD (2024)
DESCRIPTION

Steris is a provider of pre-eminent infection prevention, decontamination, and surgical and critical care company. Steris healthcare services through knowledgeable people and innovative infection prevention, decontamination and health science technologies, products and services. Steris was founded in 1985 and is based in Dublin, Ireland.

DEAL STATS #
Overall 3 of 4
Sector (Environmental) 1 of 1
Type (Divestiture) 3 of 4
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Cantel Medical

Little Falls, New Jersey, United States

Cantel Medical Corp. is a provider of medical device reprocessing systems for endoscopy and renal dialysis, advanced water purification equipment, sterilants, disinfectants and cleaners, sterility assurance monitoring products for hospitals and dental clinics, disposable infection control products primarily for dental and GI endoscopy markets, dialysate concentrates, hollow fiber membrane filtration and separation products. Cantel Medical was formed in 1963 and is based in Little Falls, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Becton Dickinson s Surgical Instrumentation Assets

Franklin Lake, New Jersey, United States

Becton, Dickinson, and Co.'s Surgical Instrumentation Assets comprise surgical instrumentation, laparoscopic instrumentation, and sterilization container assets that include V. Mueller, Snowden-Pencer, and Genesis branded products, which are well-known providers of surgical instruments and sterilization containers to Healthcare Customers.

Buy $540M
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