# Pentair to acquire Ken's Beverage for $80M

Pentair plc entered a definitive agreement to acquire the assets of Ken's Beverage, Inc., a provider of beverage equipment and service, for approximately $80 million in cash. The deal is expected to close in Q2 2021.

- Type: Acquisition
- Announced: 2021-04-20
- Where: Montgomery, Illinois, United States
- Value: $80.0M
- Status: announced
- Products: beverage equipment, water filtration systems
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Pentair](https://endata.com/companies/546.md) (acquirer)
- [Ken's Beverage](https://endata.com/companies/54570.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20210420005478/en/Pentair-Announces-Definitive-Agreement-to-Acquire-Assets-of-Kens-Beverage-Inc.), 2021-04-20: "The planned addition of KBI advances our strategy to provide a full suite of services for commercial customers"
- [vendingmarketwatch.com](https://www.vendingmarketwatch.com/management/news/21219672/pentair-to-acquire-kens-beverage-for-80-million-in-cash), 2021-04-22: "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."
- [businesswire.com](https://www.businesswire.com/news/home/20210519005890/en/Pentair-Completes-Transaction-to-Acquire-Assets-of-Kens-Beverage-Inc.), 2021-05-19: "Pentair plc today announced that it completed the previously announced transaction to acquire the assets of Ken's Beverage, Inc. (KBI), for approximately $80 million in cash."

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