Evapco Inc. has purchased the assets of Clearwater Systems Corp., Middleton, Conn. According to Taneytown, Md.-based Evapco, the acquisition combines two industry innovators and provides a path for pulse-power water treatment to thrive and improve the sustainability of the evaporative cooling industry.
With the financial transaction completed, the organizations will work toward a long-term strategy, expected to be announced in a few months. Evapco Products will do business as Dolphin WaterCare. For the foreseeable future, Evapco and Dolphin WaterCare will continue commercial operations as independent entities with independent sales forces and channels to market. Anupam Bhargava, formerly CEO of Clearwater Systems, will continue in his leadership role as president of Dolphin WaterCare.
In its announcement of the acquisition, Evapco calls the acquisition of Dolphin WaterCare a strategic addition to Evapco’s suite of water treatment solutions. The Dolphin WaterCare solution, with a worldwide installed base of more than 5,500 systems, is a sustainable water treatment alternative to chemical water treatment for evaporative cooling and refrigeration systems. Evapco currently offers Smart Shield and Pulse~Pure, factory-mountable water treatment systems specifically engineered for closed circuit coolers and evaporative condensers.
“A partnership between Evapco and Dolphin WaterCare was a natural fit as we both share a goal of improving water efficiency and sustainability benefits for the evaporative cooling industry,” said William G. Bartley, president and CEO of Evapco. “We are optimistic that combining Evapco’s financial strength with the water treatment experience, technology and service capabilities of both of our companies will help drive market demand for time-tested and proven non-chemical water treatment solutions.”