M&A Deal Summary

Ionics Acquires Ecolochem

On February 23, 2004, Ionics acquired environmental company Ecolochem for 343M USD

Acquisition Highlights
  • This is Ionics’ 1st transaction in the Environmental sector.
  • This is Ionics’ largest (disclosed) transaction.
  • This is Ionics’ 1st transaction in the United States.
  • This is Ionics’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2004-02-23
Target Ecolochem
Sector Environmental
Buyer(s) Ionics
Deal Type Add-on Acquisition
Deal Value 343M USD
Advisor(s) Needham & Co. LLC (Financial)

Target

Ecolochem

East Hartford, Connecticut, United States
Ecolochem is a leading provider of emergency, short and long-term mobile water treatment services to the power, petrochemical and other industries.

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Buyer(S) 1

Buyer

Ionics

Burlington, Massachusetts, United States

Category Company
Founded 1948
Sector Environmental
DESCRIPTION

Ionics, Inc. is a designer, installer of water and wastewater treatment systems for power utilities and other industrial customers.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1