WaterCo. Holding has been sold to Culligan Water International
Water Co. Holding, LLC (WaterCo), a portfolio company of Prospect Partners and Stone Pointe, LLC, has been sold to Culligan Water International (Culligan), a portfolio company of Advent International.
WaterCo is a provider of water filtration equipment installation and maintenance. Culligan is the number one brand worldwide in water treatment solutions, and WaterCo is the top-performing water solutions platform in Culligan’s independent dealer network operating nearly 40 locations across 13 states.
Culligan was established in 1936 as provider of water softening solutions for residences, and has since grown to becoming a worldwide leader in water treatment needs, from the simplest filtration system to complex industrial water solutions. Culligan works to provide better water for its customers in their homes, offices, restaurants, and industrial facilities around the world. The company’s complete line of water softeners, water filtration systems, commercial and industrial water treatment solutions, drinking water systems, whole-house filtration systems and bottled water delivery set the standard in the water treatment industry.
Prospect Partners is a leading lower-middle-market private equity firm that focuses exclusively on management-led leveraged recapitalizations and acquisitions of small companies with niche strategies, managing three funds totaling US$470 million. Prospect Partners is a highly experienced, active and committed investor in smaller lower-middle-market companies with revenues typically under US$75 million.
Stone Pointe provides private equity capital for small and middle market businesses. The form works with privately owned businesses to provide ownership transitions and growth equity capital solutions, allowing companies to achieve shareholder goals and objectives.
One of Oaklins’ teams in the USA served as the exclusive financial advisor to WaterCo in this transaction.


Talk to the deal team
David M. Felts
Oaklins TM Capital
Related deals
iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Learn moreLargest AIM IPO in the business support services sector over the past five years has been completed
MHA plc raised US$131 million (£98 million) through a placing and retail offer, achieving a market capitalization of approximately US$363 million (£271 million) on admission. This was the largest AIM IPO in the business support services sector over the past five years. The IPO provides a platform for continued investment in technology, talent and acquisitions, supporting the group’s ambition to become a top 10 UK professional services firm.
Learn moreEast Metal has been acquired by management and private investors
The Latvia-based metalworking company East Metal has been acquired from its former Danish owner, East Metal Holding, through a management buy-out (MBO) by a group of private investors, the current owners of Valpro, in partnership with the local management team. Financing for the transaction was provided by Signet Bank.
Learn more