On 27 April 2018, Waterlogic successfully completed the acquisition of Billi’s business in Australia, the UK and international markets.
Billi is a leading designer, manufacturer and distributor of boiling, chilled and sparkling filtered drinking water underbench systems. The company is headquartered in Melbourne, Australia with 140 employees across Australia and the UK.
The deal brings together two progressive organisations that share a strong commitment to the provision of high-quality, innovative drinking water products, services and solutions to workplaces, schools, hospitals, food and beverage establishments, and consumers globally.
This complementary pairing brings together Billi’s award-winning underbench systems with Waterlogic’s freestanding water dispensers, global distribution network, customer base, and purification technologies to accelerate growth in new and existing markets.
Waterlogic CEO Australasia, Carl Crowley said,
“We have already enjoyed a 15-year partnership with Billi, with units currently in use throughout Australia and the UK. By combining our complementary strengths and capabilities, we will be even more effective in meeting the needs of businesses and consumers globally who rely on access to high-quality drinking water.”
Billi Managing Director, Dan Lindsay said,
“Waterlogic is the natural partner to accelerate growth from Billi’s already strong Australian base. The combination of Waterlogic’s well-established global distribution network and Billi’s specialist product range, means that more businesses and homes around the world will enjoy great tasting, filtered drinking water. We are in a stronger position to achieve our growth potential, and we’re excited about the opportunities that lay ahead of us.”
Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor. The acquisition of Billi is the 16th manifestation of the company’s buy and build strategy since the acquisition by Castik, following substantial acquisitions in the US, UK, Australia, Spain, France, Germany, and Scandinavia. The plans for the acquisition of Billi was first announced on 13 March 2018 and was executed with the assistance of DLA Piper and K&L Gates.
Waterlogic CEO Australasia, Carl Crowley and Billi Managing Director, Dan Lindsay