# DuBois Chemicals to acquire TWH Water Treatment Industries for up to $165M

JZ Capital Partners announced that TWH Water Treatment Industries, a subsidiary of Triwater Holdings, agreed to merge with a subsidiary of DuBois Chemicals. The total consideration is up to $165 million, including $148 million initial cash and up to $17 million earn-out.

- Type: Acquisition
- Announced: 2018-09-03
- Where: United States
- Value: $165.0M
- Status: announced
- Products: water treatment chemicals and services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [The Jordan Company](https://endata.com/companies/1301.md) (investor)
- [Edgewater Funds](https://endata.com/companies/10035.md) (investor)
- [JZ Capital Partners](https://endata.com/companies/10036.md) (investor)
- [Triwater Holdings](https://endata.com/companies/21848.md) (partner)
- [DuBois Chemicals](https://endata.com/companies/25269.md) (acquirer)
- [TWH Water Treatment Industries](https://endata.com/companies/34075.md) (target)
- [BHS Specialty Chemical Products](https://endata.com/companies/34724.md) (target)
- [JZ Partners](https://endata.com/companies/34989.md) (investor)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/index.php/announcement/prn/jz-capital-partners-ltd--jzcp/jzcp-announces-disposal-of-water-treatment-indu-/5711804), 2018-09-03: "The shareholders of Water Treatment Industries, including Triwater Holdings, will receive for the Merger, in aggregate, initial gross consideration of approximately US$148 million in cash on completion of the Merger."
- [advfn.com](https://www.advfn.com/stock-market/london/JZCP/stock-news/78177526/jz-capital-partners-ltd-jzcp-announces-disposal), 2018-09-03: "The shareholders of Water Treatment Industries, including Triwater Holdings, will receive for the Merger, in aggregate, initial gross consideration of approximately US$148 million in cash on completion of the Merger."
- [duboischemicals.com](https://www.duboischemicals.com/dubois-aquires-bhs/), 2018-10-03: "DuBois has acquired BHS Specialty Chemical Products."
- [peprofessional.com](https://peprofessional.com/tag/water-treatment/), 2018-10-18: "Triwater Holdings, a portfolio company of The Edgewater Funds and JZ Partners, has sold its subsidiary, TWH Water Treatment Industries (Water Treatment Solutions), to DuBois Chemicals."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.