M&A Deal Summary

Pentair Acquires Aquion

On January 7, 2019, Pentair acquired consumer services company Aquion from Mason Wells for 160M USD

Acquisition Highlights
  • This is Pentair’s 1st transaction in the Consumer Services sector.
  • This is Pentair’s 10th largest (disclosed) transaction.
  • This is Pentair’s 8th transaction in the United States.
  • This is Pentair’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2019-01-07
Target Aquion
Sector Consumer Services
Buyer(s) Pentair
Sellers(s) Mason Wells
Deal Type Add-on Acquisition
Deal Value 160M USD
Advisor(s) Baird (Financial)

Target

Aquion

Elk Grove Village, Illinois, United States
Aquion, Inc. is a manufacturer and marketer of premium water treatment equipment and water quality solutions that serve a variety of markets around the world. We have been manufacturing water treatment equipment. Aquion was founded in 1953 and is based in Elk Grove Village, Illinois.

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Buyer(S) 1

Buyer

Pentair

London, United Kingdom

Category Company
Founded 1966
Sector Diversified
Employees10,500
Revenue 4.1B USD (2023)
DESCRIPTION
Pentair facility in Roseville, Minnesota.
Pentair facility in Roseville, Minnesota.

Pentair is a global diversified industrial products company. Pentair's Water and Fluid Solutions segment is a provider of water and fluid processing products and solutions used in a wide range of applications. Pentair's Technical Products segment is a provider of products that enclose and protect some of the world's most sensitive electronics and electrical equipment, ensuring their safe, secure, and reliable performance. Pentair was founded in 1966 and is based in London, England.


DEAL STATS #
Overall 13 of 17
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 10 of 13
State (Illinois) 2 of 3
Country (United States) 8 of 12
Year (2019) 2 of 2
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Pelican Water Systems

DeLand, Florida, United States

Pelican Water Systems is a provider of branded home water treatment products including the NaturSoft line of salt-free water softeners, whole-house water filters, and iron removal systems. Pelican was founded in 2004 and is based in DeLand, Florida.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 Rocean

New York, New York, United States

Rocean filtration devices provide countertop filtration solutions to help reduce single-use plastic bottles in homes and businesses keeping them out of landfills and oceans. Rocean is based in New York City.

Buy -

Seller(S) 1

SELLER

Mason Wells

Milwaukee, Wisconsin, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Mason Wells is a private equity firm focused on middle-market buyout opportunities in the Midwest US. Mason Wells looks to invest in businesses operating in engineered products and services, outsourced business services, and specialty packaging. Target companies typically generate revenue of $25 to $300 million and EBITDA of at least $5 million. The Firm prefers businesses with high barriers to entry, limited customer concentration, and strong market positions. Mason Wells was originally formed 1982 as a subsidiary of Marshall & Ilsley Corporation and became an independent firm in 1998. Mason Wells is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 32 of 40
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 22 of 24
State (Illinois) 3 of 3
Country (United States) 31 of 38
Year (2019) 1 of 4
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Structural Concepts

Muskegon, Michigan, United States

Structural Concepts is a designer and manufacturer of temperature-controlled food and beverage display cases for food service establishments and supermarkets. Structural Concepts was founded in 1972 and is based in Muskegon, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Eddy Packing Company

Yoakum, Texas, United States

Eddy Packing Company is a broadly diversified, premier processor of beef, pork, and poultry products. The Company offers a complete line of fully cooked, marinated, cured, fresh, and frozen meat products, such as smoked sausage, fajita meat, pulled beef/pork/chicken, ribs, pork chops/loins, chicken breast, brisket, and other meat products. Eddy Packing was founded in 1953 and is based in Yoakum, Texas.

Sell -