Evoqua acquires Neptune Benson
The transaction is expected to close this spring and is subject to customary regulatory approvals.
PITTSBURGH & COVENTRY, R.I., March 15, 2016 -- Evoqua Water Technologies today announced it has signed a definitive agreement to acquire privately held Neptune Benson, a leading manufacturer of high-quality water filtration and disinfection products for the recreational, industrial, and municipal water markets. Neptune Benson’s filtration and ultra-violet disinfection products can be found in more than 20,000 installations worldwide, covering 45 countries. Terms were not disclosed. The transaction is expected to close this spring and is subject to customary regulatory approvals.
“We are excited to welcome the Neptune Benson team to the Evoqua Water Technologies family,” said Ron Keating, Evoqua Chief Executive Officer. “Neptune Benson’s filtration and disinfection products have been well regarded in the industry since 1956 and complement Evoqua’s existing businesses and markets-served extremely well. This addition is a natural fit for us and consistent with our growth plan to double our business by the end of 2021.”
Neptune Benson was founded by Junius and Raymond Gertz as a residential and small commercial pool company in 1956. The company later shifted its focus to filtration systems for institutional pools larger than 250,000 gallons. Over the years it experienced strong growth through the introduction of new products such as Defender regenerative media filter and through acquisitions such as: Lawson Aquatics, a premier manufacturer of main drain and rim-flow system components; ETS-UV, a leader in the development and manufacture of ultraviolet disinfection systems; the ProStrainer™ product line; and Sonitec filtration products for industrial process markets.
Neptune Benson has 110 employees across four operations in Coventry, RI; Beaver Dam, WI; Bridgeport, CT and Montreal, Canada. Its leading brands include: Defender® regenerative media filter; ETS-UV disinfection system; Vortisand and Legacy™ sand filters, AEGIS® anti-entrapment shields, Dominion™ butterfly valves, Guardian™ strainers, Greendrive™ VFD systems, and Lawson Aquatics accessories. Ken Rodi, CEO of Neptune Benson, will become a member of Evoqua’s leadership team and will report to Keating.
“We are enthusiastic to join the Evoqua team,” said Neptune Benson’s Rodi. “Not only are our businesses and markets complementary, but so is Evoqua’s commitment to growth, spirit of innovation, and focus on helping its customers and partners to succeed. This combination is ideal.”
Evoqua Water Technologies is the global leader in helping municipalities and industrial customers protect and improve the world's most fundamental natural resource: water. Evoqua has a more than 100-year heritage of innovation and industry firsts, market-leading expertise, and unmatched customer service, where it continues to transform water and wastewater. Its cost-effective and reliable treatment systems and services ensure uninterrupted quantity and quality of water, enable regulatory and environmental compliance, increase efficiency through water reuse, and prepare customers for next-generation demands.
Evoqua's unparalleled portfolio of proven brands, advanced technologies, mobile and emergency water supply solutions and service helps cities across the world provide and discharge clean water, and enable leisure and commercial industry to maximize productivity and profitability. For more information, visit www.evoqua.com.