M&A Deal Summary

Pure Technologies Acquires Wachs Valve and Hydrant Services

On April 1, 2015, Pure Technologies acquired business services company Wachs Valve and Hydrant Services for 19M USD

Acquisition Highlights
  • This is Pure Technologies’ 1st transaction in the Business Services sector.
  • This is Pure Technologies’ 2nd largest (disclosed) transaction.
  • This is Pure Technologies’ 1st transaction in the United States.
  • This is Pure Technologies’ 1st transaction in Illinois.

M&A Deal Summary

Date 2015-04-01
Target Wachs Valve and Hydrant Services
Sector Business Services
Buyer(s) Pure Technologies
Deal Type Add-on Acquisition
Deal Value 19M USD

Target

Wachs Valve and Hydrant Services

Buffalo Grove, Illinois, United States
Wachs Valve and Hydrant Services LLC (dba Wachs Water Services) is a provider of flow control maintenance and support, leak detection, and related asset management services to the water sector in the United States.

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Buyer(S) 1

Buyer

Pure Technologies

Calgary, Alberta, Canada

Category Company
Founded 1993
Sector Information Technology
Employees500
Revenue 126M CAD (2017)
DESCRIPTION

Pure Technologies Ltd. is a developer and application of innovative technologies for inspection, monitoring and management of physical infrastructure. From monitoring the health of large bridges to pipeline inspection, our technologies and expertise are being used around the world to help manage deterioration and reduce loss.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-13 The Pressure Pipe Inspection Co.

Mississauga, Ontario, Canada

PPIC, a privately-held company with headquarters in Mississauga, Ontario, is a recognized provider of large-diameter water and wastewater pipeline condition assessment. PPIC was founded in 1997 to commercialize RFEC/TC, an electromagnetic inspection technology for prestressed concrete pipes developed by David Atherton, Professor of Physics at Queen’s University, Kingston, Ontario.

Buy CA$35M