Firms advised by private equity firm Crestview Partners have closed the acquisition of direct-to-consumer beverage services provider DS Waters.
The company will maintain its headquarters in Atlanta, Georgia.
Tom Harrington, president and chief executive officer of DS Waters, says: "As a result of this new partnership with Crestview, we are more confident than ever in our ability to expand our product and service offering and geographic reach while maintaining our outstanding customer service in metropolitan markets throughout the US."
Jeffrey Marcus, a partner at Crestview, says: "We are very pleased to have the opportunity to participate alongside a highly experienced management team in the growth of one of the true market leaders in the beverage services industry."
Created in 2003, DS Waters is a US-based bottled water, water filtration and coffee service company. The partnership with Crestview positions DS Waters to continue its growth both organically and through acquisitions across the HOD delivery, office coffee service, and water filtration industries. Post-transaction, the company will continue to build its national distribution network through expansion of its sales and marketing efforts and distribution of new products and services.
