Water treatment solutions expert Pentair has moved to expand its commercial direct service network by acquiring the assets of Ken’s Beverage, Inc. (KBI).
KBI is a premier provider of beverage equipment, installation, service, preventive maintenance, project deployment and water filtration systems for restaurants, convenience stores and foodservice companies.
Customers include McDonald’s, Burger King, Chick-Fil-A, Subway and Wendy’s.
The Illinois-based outfit has 30 branches and more than 300 trained technicians to supports customers nationwide.
Mario D’Ovidio, executive VP and president at Pentair Consumer Solutions, said: “The planned addition of KBI advances our strategy to provide a full suite of services for commercial customers, and supports Pentair’s vision to be a leading residential and commercial water treatment company.
“KBI brings a valuable national direct service network to the portfolio, allowing Pentair to seamlessly manage the full customer experience, including product development, sales, installation, and service to ensure the best quality products are matched with the most reliable and dedicated service network for all commercial applications.”
Pentair is paying $80m in cash for the business, subject to customary adjustments.
The transaction is anticipated to be completed in the second quarter of 2021, subject to customary closing conditions.