M&A Deal Summary

Waterlogic Acquires Quality Water Service

On July 13, 2021, Waterlogic acquired beverage company Quality Water Service from Advent Morro Equity Partners

Acquisition Highlights
  • This is Waterlogic’s 4th transaction in the Beverages sector.
  • This is Waterlogic’s 1st transaction in Puerto Rico.

M&A Deal Summary

Date 2021-07-13
Target Quality Water Service
Sector Beverages
Buyer(s) Waterlogic
Sellers(s) Advent Morro Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Quality Water Service

Guaynabo, Puerto Rico
Quality Water Service provides businesses in Puerto Rico with point-of-use (POU) bottle-less water coolers and filtration systems. The company has been a distributor of Waterlogic dispensers, delivering the highest standards of water quality and offering sustainable hydration solutions for both business and residential customers. Quality Water Service is based in Guaynabo, Puerto Rico.

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Buyer(S) 1

Buyer

Waterlogic

Berkshire, United Kingdom

Category Company
Founded 1992
Sector Utilities
DESCRIPTION

Waterlogic is a designer, manufacturer, distributor and operator of mains attached point-of-use ("POU") drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants, and other workplaces. Waterlogic was established in 1992 and is based in Berkshire, United Kingdom.


DEAL STATS #
Overall 31 of 43
Sector (Beverages) 4 of 6
Type (Add-on Acquisition) 27 of 39
Country (Puerto Rico) 1 of 1
Year (2021) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Pro Line

Sterling, Virginia, United States

Pro Line is a provider of bottle-less water coolers and air filtration systems. Pro Line is based in Sterling, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Waterconcept Hungary

Budapest, Hungary

Waterconcept Hungary is a provider of mains-fed water dispensers to the premium segment of the HoReCa market. Waterconcept Hungary is based in

Buy -

Seller(S) 1

SELLER

Advent Morro Equity Partners

San Juan, Puerto Rico

Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Advent Morro Equity Partners is a private equity firm focused on opportunities connected to Puerto Rico. The FIrm invests in companies operating in Puerto Rico, Puerto Rican companies expanding into the US, and established US-based companies whose products or services target the US hispanic market. Advent Morro’s seeks to team with management teams looking for capital to accelerate growth organically or through acquisitions. The Firm looks to invest $5 to $10 million in companies with annual revenues between $5 and $20 million. Sectors of interest include healthcare, hospitality, telecommunications, software-development, distribution, education and medical insurance. The Firm will consider a variety of investment situations, including MBOs, corporate divestitures, turnarounds, recapitalization of family owned businesses, and industry consolidation. Advent Morro Equity Partners was formed 1989 and is based in San Juan.


DEAL STATS #
Overall 5 of 6
Sector (Beverages) 2 of 2
Type (Add-on Acquisition) 4 of 4
Country (Puerto Rico) 1 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Andeno

San Juan, Puerto Rico

Andeno is an online small loan consumer lending company. Andeno is based in San Juan, Puerto Rico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Medical Card System

Hato Rey, Puerto Rico

Medical Card System provides commercial health insurance through its fully-insured and cost-plus business lines to some of the largest multi-national employers in Puerto Rico, such as Baxter, Pfizer, HP, Nestlé and Microsoft. Medical Card System was founded in 1982 and is based in Hato Rey, Puerto Rich.

Sell -