Pentair announced the completion of two new acquisitions. The global water treatment company acquired Pelican Water Systems for $120 million in cash, and Aquion for $160 million in cash. Both transactions are subject to customary post-closing adjustments.
Headquartered in DeLand, Florida, Pelican Water Systems has 79 employees and provides residential whole home water treatment systems.
“We are excited about the addition of Pelican Water Systems for the new growth opportunities it brings to Pentair and for the innovative products and services we can bring to consumers, enhancing where, how and when they can buy their water treatment solutions,” said Pentair President and CEO John L. Stauch.
Headquartered outside Chicago, with approximately 170 employees, Aquion offers a diverse line of water conditioners, water filters, drinking-water purifiers, ozone and ultraviolet disinfection systems, reverse osmosis systems and acid neutralizers for the residential and commercial water treatment industry.
“The addition of Aquion and its affiliated dealer network, offering complete systems and solutions, highly complements Pentair’s value chain in residential water offerings,” Stauch said. “Through this acquisition, we are looking forward to providing consumers with more choices to meet their water needs.”