Triwater sells TWH Water Treatment Industries to DuBois Chemicals

Triwater has sold its subsidiary TWH Water Treatment Industries to DuBois Chemicals for undisclosed amount.

Triwater’s Water Treatment Solutions division began operations in 2012 with the purchase of Nashville Chemical.

Subsequently, Triwater closed three complementary acquisitions. It invested significantly in facilities, both in the US and Canada, and aligned the organisation into a divisional structure.

Triwater CEO Larry Quick said: “The established management team at Water Treatment Solutions did an outstanding job of bringing together beneficial support and results for their customers. DuBois is an excellent fit for this business platform, and customers will continue to benefit from this merger.”

An equity investor, Edgewater partner David Tolmie said: “Edgewater thoroughly enjoyed working with Triwater and Company management in building a tremendous water treatment organization.

“We are confident that Water Treatment Solutions is well positioned to continue its growth in partnership with the DuBois platform.”

For Triwater this year, this is the second divisional divestment. In March this year, its Filtration Division was purchased by Culligan International.

Triwater’s remaining division is Waterline Renewal Technologies (WRT).

Triwater EVP and WRT president Matt Fishbune said: “As a leader in the trenchless pipe rehabilitation industry, WRT is well positioned to provide solutions to the growing wastewater infrastructure problems through our best-in-class brands.

“We have structured our organization to accelerate growth through our multiple channels to market and technology offerings for our valued customers, as we strive to continue improving water-use integrity by rehabilitating degraded infrastructure for the end users.”

Baird acted as the exclusive financial advisor to Water Treatment Industries, on this deal.