M&A Deal Summary

Quench USA Acquires Pure Health Solutions

On December 18, 2018, Quench USA acquired consumer products company Pure Health Solutions from ClearLight Partners for 58M USD

Acquisition Highlights
  • This is Quench USA’s 5th transaction in the Consumer Products sector.
  • This is Quench USA’s largest (disclosed) transaction.
  • This is Quench USA’s 8th transaction in the United States.
  • This is Quench USA’s 1st transaction in Idaho.

M&A Deal Summary

Date 2018-12-18
Target Pure Health Solutions
Sector Consumer Products
Buyer(s) Quench USA
Sellers(s) ClearLight Partners
Deal Type Add-on Acquisition
Deal Value 58M USD
Advisor(s) Goodwin Procter (Legal)

Target

Pure Health Solutions

Vernon Hills,, Idaho, United States
Pure Health Solutions, Inc. is a manufacturer and marketer of point-of-use water purification coolers. PHSI was founded in 1996 and is headquartered in Sandpoint, ID with production facilities in Seoul, South Korea.

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Buyer(S) 1

Buyer

Quench USA

King of Prussia, Pennsylvania, United States

Category Company
Founded 1997
Sector Beverages
DESCRIPTION

Quench USA is a water technology company that provides businesses with high-quality filtered water and other products enabled through its production, such as ice, coffee and tea. Quench systems are rented to its customers, and purify tap water using state-of-the-art technology, eliminating the need for environmentally-wasteful and expensive water delivery. Quench USA was formed in 1997 and is based in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 8 of 30
Sector (Consumer Products) 5 of 14
Type (Add-on Acquisition) 8 of 30
State (Idaho) 1 of 1
Country (United States) 8 of 28
Year (2018) 5 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Quality Water Services

Roca, Nebraska, United States

Quality Water Services is a provider of a WAAS solutions by providing filtered water systems, including bottleless water coolers, ice machines, sparkling water dispensers and coffee brewers, to customers across the United States and Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 Aguaman

Miami, Florida, United States

Aguaman, Inc. is a point-of-use water filtration company. Aguaman is based in Miami, Florida.

Buy -

Seller(S) 1

SELLER

ClearLight Partners

Newport Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ClearLight Partners LLC is a private equity firm that invests in mid-sized companies with strong cash-flow margins and limited capital intensity. ClearLight looks for US and Canadian headquartered companies with annual revenues between $25 and $250 million and EBITDA of $4 and $15 million. ClearLight targets investments across a broad range of industries with a particular interest in specialty manufacturing and distribution, business services, education and training, healthcare services, specialty finance, and consumer products and services. The Firm's target investment size is $10 to $50 million per transaction. ClearLight Partners was formed in 2000 and is based in Newport Beach, California.


DEAL STATS #
Overall 7 of 10
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 4 of 6
State (Idaho) 1 of 1
Country (United States) 7 of 10
Year (2018) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 Austin Fitness Group

Austin, Texas, United States

Austin Fitness Group is a multi-unit franchisee of Orangetheory Fitness studios across Texas. AFG operates and supports 30+ owned and franchised Orangetheory Fitness locations across Austin, College Station, and San Antonio. Austin Fitness Group is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 Evriholder

Anaheim, California, United States

Evriholder designs, develops and distributes innovative, daily use housewares products sold through retailers. Its product categories include kitchen, bath, cleaning, barware and storage & organization. Evriholder was founded in 1995 and is based in Anaheim, California.

Sell -