Houston, TX – November 6, 2018 – AUC Group, L.P. (“AUC”), a leading turn-key provider of wastewater treatment solutions, announced it has been acquired by AquaVenture Holdings Limited (NYSE:WAAS) (“AquaVenture”), a leader in Water-as-a-Service™ (“WAAS™”) solutions. The acquisition will enable AUC to better serve the needs of its customers.
AUC provides equipment design, manufacturing and installation of both field-erected and flexible, modular wastewater treatment plants that are designed to expand as needs arise. In addition, AUC offers a lease plant program as an alternative financing option that significantly reduces the upfront capital burden for customers. For temporary requirements, AUC owns and maintains a fleet of bypass plants that are portable, modular components prepared for rapid deployment and uninterrupted wastewater treatment service.
AquaVenture was formed to become a leading water service provider. Through its Quench and Seven Seas Water businesses, AquaVenture provides water solutions, utilizing state-of-the-art purification and desalination technologies.
“We are proud to announce that AUC has been acquired by AquaVenture,” says Todd Mueller, President of AUC Group. “We will continue to provide superior wastewater treatment plants, finance options, customer service and expanded solutions in the market. Not only will this change be seamless, but will also allow us to better serve the needs of our customers, adding to the AquaVenture portfolio in the wastewater and water reuse businesses.”
About AUC Group, L.P.
AUC Group, L.P. is a leading turn-key provider of wastewater treatment plants, dedicated to providing cost efficient solutions that meet the needs of their customers. Founded in 1970, AUC Group is headquartered in Houston with offices in Arizona and Alabama and over 1,500 installations to date. With over 45 years of experience, the AUC Group solution includes equipment design, manufacturing, installation and a unique leasing program, significantly reducing the upfront capital burden for customers. For more information about AUC Group, visit: http://www.aucgrouplp.com/.
AquaVenture is a multinational provider of WAAS™ solutions that provide customers a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts that minimize capital investment by the customer. AquaVenture is composed of two operating platforms: Quench, a leading provider of filtered water systems and related services with over 125,000 units installed at institutional and commercial customer locations across the U.S. and Canada; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.
Safe Harbor Statement
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to AquaVenture’s expectations for the wastewater treatment and water reuse businesses; expectations regarding future business development and acquisition activities; its expectations regarding performance from recently completed and pending acquisitions; and the impacts on operating results of those acquisitions, constitute forward-looking statements. Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will enable,” “would be expected,” “look forward,” “may provide,” “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors detailed in AquaVenture’s filings with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, AquaVenture’s actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. AquaVenture is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.