Cantel Medical Corp. has acquired the assets of Pure Water Solutions Inc. for $11.9 million in cash. Headquartered in Ridgeland, Miss., Pure Water Solutions provides water purification and treatment services for commercial, industrial, laboratory, and medical customers. The company had pre-acquisition unaudited revenues and EBITDA of just over $8 million and $2 million, respectively, for the trailing twelve months.
"Adding the Pure Water Solutions business and its strategic Southeastern U.S. market presence to our leadership position in life sciences water purification and filtration enables us to better serve our national customers and further expand our commercial and industrial segments," said Curtis Weitnauer, president and CEO of Mar Cor Purification, a Cantel subsidiary. "We expect to drive incremental growth with the addition of Mar Cor Purification's capabilities and broad portfolio of products and services."
Rob Simmons CEO of Pure Water Solutions, will continue as an employee of Mar Cor Purification, where he will assist in the integration and continued service of the Pure Water Solutions customer base and the growth of the broader commercial and industrial water business, according to a Cantel news relase.
excluding acquisition-related intangible amortization as well as transaction-related expenses. For further disclosure regarding non-GAAP items please refer to Cantel Medical's latest quarterly filing.