Culligan completes purchase of AquaVenture
March 31, 2020 - The Tampa-St. Petersburg area has one fewer publicly traded company. Culligan completed its purchase of AquaVenture Holdings Ltd. (NYSE: WAAS) in Tampa on Monday. Culligan, a privately held Chicago company with water filtration and treatment products, paid $27.10 share for each share of AquaVenture stock. The deal was valued at $1.1 billion when it was announced in December. AquaVenture had water-as-a-service solutions and two operating segments. Culligan retained AquaVenture's Quench, a provider of bottle-free, filtered drinking water systems and services. Culligan divested another operating segment, Seven Seas Water, to Morgan Stanley Infrastructure Partners. Seven Seas provides desalination, wastewater treatment and water reuse solutions to governmental, industrial, property developer and hospitality customers.