Waud Capital Partners, LLC (WCP) has completed the acquisition of Aquion Water Treatment Products, LLC (AWTP). The investment by WCP was announced by AWTP CEO Tom McDonough and president Robert Ruhstorfer. AWTP, based in Elk Grove Village, Ill., is comprised of some of the most well-established, well-known and respected brands in the water treatment industry, including RainSoft Water Treatment Systems, Erie Water Treatment Controls and ClearWater Tech.
Commenting on the transaction, McDonough said, “Waud Capital Partners was chosen from a selective list of investment firms that were well-suited to our business needs and future growth.”
Ruhstorfer added, “AWTP will serve as their growth platform in the water treatment industry, through internal organic growth as well as future strategic acquisitions.”
Reeve Waud, managing partner of Waud Capital Partners, said, “The management team of AWTP has a deep understanding of the water treatment industry. The company has a long history of success in the industry deeply rooted in its strong dealer network, reputable brand names and broad array of high quality products.”
WCP partner Matthew Clary added, “Through organic growth and acquisitions, Waud Capital looks forward to partnering with the management team to continue building the world’s premier water treatment company.”