Aqua-Chem Inc.

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Aqua-Chem Inc. - overview

Established

1929

Location

Knoxville, TN, US

Primary Industry

Power & Utilities

About

Aqua-Chem Inc. is a leading provider of water purification solutions, offering advanced technologies that cater to various industries, including pharmaceuticals, beverages, and military applications. Founded in 1929 and headquartered in Knoxville, US, Aqua-Chem Inc. specializes in water purification solutions, including vapor compression distillation and reverse osmosis systems.


The company was recently acquired by Saur SAS in May 2022, a strategic move aimed at supporting business growth and expansion. The current CEOs are Gary Edwards and Shane Dewitt. Since its inception, Aqua-Chem has completed a total of 3 deals, with the latest funding round being a Buyout of USD 4. 80 mn, marking the total amount raised.


In April 2026, Hawkins, Inc acquired Aqua-Chem Inc. Aqua-Chem Inc. specializes in advanced water purification technologies, offering a comprehensive portfolio that includes thermal and membrane treatment solutions. Their core product offerings encompass vapor compression distillation, reverse osmosis systems, UV sterilizers, membrane filtration, and ion exchange technologies.


These technologies cater to sectors like biopharmaceuticals, beverage production, oil and gas, military applications, and wastewater treatment. Clients rely on Aqua-Chem's solutions to meet stringent water quality needs, ensuring regulatory compliance. Their products are primarily distributed across North America and international markets. Aqua-Chem operates through a business-to-business model, generating revenue by providing water purification systems and associated services to various industries.


Revenue is derived from direct sales of equipment and service contracts that ensure ongoing maintenance. The company’s flagship products, including Vapor Compression distillers and reverse osmosis systems, are critical to the industrial processes of their customers. Additionally, Aqua-Chem generates income from replacement parts and maintenance services, fostering long-term relationships with a diverse client base. Aqua-Chem plans to leverage its recent acquisition by Saur SAS to enhance its business growth and explore new market opportunities.


The company is focused on developing new products within its existing technology framework, aimed at launching additional solutions by 2024. Plans include expanding into European and Asian markets, with efforts anticipated to begin by mid-2023. The recent funding from the Buyout will support these initiatives, ensuring adequate resources for product development and market entry strategies.


Current Investors

Crimson Investment

Primary Industry

Power & Utilities

Sub Industries

Water & Sewer Utilities

Website

www.aqua-chem.com

Verticals

Clean Technology, Manufacturing

Company Stage

Mature

Total Amount Raised

Subscriber access only

Aqua-Chem Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedAqua-Chem Inc.-
Add-on, Trade SaleCompletedAqua-Chem Inc.-
Secondary BuyoutCompletedAqua-Chem Inc.-
Add-onCompletedEnviro-Solutions, LLC-
Add-onCompletedSpecific Equipment-

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