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Brentwood Associates Acquires Majority Control of Safe Drinking Water Supplier Watermill Express
Tuesday 04 May 2021

Los Angeles-based private equity firm Brentwood Associates has acquired majority control of Colorado-based safe drinking water and ice provider Watermill Express, LLC, the company said.

Terms of the transaction were not disclosed.

Brentwood plans significant investments for station expansion as company seeks to reinvent how people access affordable, sustainable, safe drinking water and ice.

As part of the transaction, a multim-dollar charitable fund will be established to provide support to underserved areas of the US in need of safe drinking water.

North Point Advisors, LLC advised Watermill Express on the transaction, while Holland and Hart LLP provided legal counsel. Brentwood was represented by Kirkland and Ellis LLP and Burr and Forman LLP.

Watermill Express' refill stations provide affordable, sustainable, and safe drinking water and ice in a drive-up format.

The company operates and franchises nearly 1,300 stations across nine states, predominantly across the West Coast and Sunbelt regions.
Date Published: 04/05/2021