Evoqua Water Technologies Prices Secondary Public Offering

3/6/20

PITTSBURGH--(BUSINESS WIRE)--Evoqua Water Technologies Corp. (NYSE: AQUA) today announced the pricing of a secondary public offering of 13 million shares of its common stock by certain shareholders of the company, including certain affiliates of AEA Investors LP (collectively, the “Selling Shareholders”) at a public offering price of $19.50 per share. Additionally, in connection with the offering, the Selling Shareholders have granted to the underwriters a 30-day option to purchase up to 1.95 million additional shares of common stock. The offering is expected to close on March 10, 2020, subject to the satisfaction of customary closing conditions.

The company is not selling any shares in the offering and will not receive any proceeds from the sale of shares being sold by the Selling Shareholders in the offering.

Credit Suisse, RBC Capital Markets and J.P. Morgan are acting as joint lead book-running managers in the offering. Citigroup, Goldman Sachs & Co. LLC and Baird are also acting as joint book-running managers in the offering. Morgan Stanley, Raymond James, Stifel and Cowen are acting as co-managers in the offering.

About Evoqua Water Technologies

Evoqua Water Technologies is a leading provider of mission critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 160 locations across ten countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life.