Acquisition expands the company’s national commercial service network
Pentair, a provider of water treatment and sustainable solutions, has completed the previously announced transaction to acquire the assets of Ken’s Beverage for approximately US$80 million in cash, subject to customary adjustments.
For over 35 years, and operating with 30 branches and over 300 technicians, KBI has provided beverage equipment and services to commercial customers.
Mario D’Ovidio, executive vice-president and president, Pentair Consumer Solutions, commented: “The acquisition further realises our vision to be the provider of residential and commercial water treatment solutions, delivering smart, sustainable solutions that empower customers to make the most of life’s essential resources.”
Ken Reimer, founder of KBI and commercial services business development leader for Pentair Water Treatment Services, added: “We are pleased to become a part of Pentair. With our shared commitment to delivering beverage services and solutions to our customers, I am personally looking forward to continuing to grow the service quality as part of the Pentair team.”
