February 2006: Volume 48, Number 2
Aquion sold to investment firm
2004 sales of $3.9 billion. Aquion sold to investment firm Aquion Water Treatment Products, LLC has been purchased by a private equipment investment firm. Waud Capital Partners, LLC now owns a host of well-known and respected brands in the water treatment industry, including RainSoft Water Treatment Systems, Erie Water Treatment Controls and ClearWater Tech. According to Aquion President Robert Ruhstorfer, Aquion will, serve as their growth platform in the water treatment industry, through internal organic growth as well as future strategic acquisitions. While the cost of the acquisition was not disclosed, Waud notes in their company profile that they typically invest in companies with enterprise values between $30 and $150 million.