Add-on Acquisition • Business Services

InnovaSea Systems Acquires Water Management Technologies

On February 1, 2019, InnovaSea Systems acquired business services company Water Management Technologies

Acquisition Context
  • This is InnovaSea Systems’ 1st transaction in the Business Services sector.
  • This is InnovaSea Systems’ 1st transaction in the United States.
  • This is InnovaSea Systems’ 1st transaction in Florida.

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M&A Deal Summary

Date February 1, 2019
Target Water Management Technologies
Sector Business Services
Buyer(s) InnovaSea Systems
Deal Type Add-on Acquisition

Target Company

Water Management Technologies

Miami, Florida, United States
Water Management Technologies, Inc. is a designer, installation and start-up, service and support alongside a comprehensive line of equipment to satisfy a variety of water quality concerns particularly focused on recirculating aquaculture systems.
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Buyer Overview 1

Buyer

InnovaSea Systems

Bainbridge Island, Washington, United States

Category Company
Founded 2014
Sector Information Technology
DESCRIPTION

InnovaSea Systems, Inc. is a designer and manufacturer of innovative, fully integrated commercial open-ocean aquaculture systems. InnovaSea supports open-ocean fish farming by designing and producing advanced, environmentally-focused sustainable technologies and service solutions for the industry.


Deal Context for Buyer #
Overall 3 of 3
Sector: Business Services 1 of 1
Type: Add-on Acquisition 3 of 3
State: Florida 1 of 1
Country: United States 1 of 1
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-03 Nortek Akvakultur

Laksevåg, Norway

Nortek Akvakultur is a technology company with focus on ocean current and wave measurements. Nortek Akvakultur was founded in 2014 and is based in Laksevåg, Norway.

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