Franklin Nova Group Advises Evoqua on Acquisition of Ultrapure’s Industrial Water Business in Houston and Dallas, Texas

Purchase Price Allocation Services Provided Through Franklin Nova’s Business Advisory Practice
December 21, 2020

December 21, 2020 – Evoqua Water Technologies (NYSE: AQUA) announced it had acquired the industrial water business of privately-held Ultrapure & Industrial Services, LLC, a subsidiary of Driessen Water, Inc. Franklin Nova’s Valuation Advisory Practice, led by Franklin Nova founder Brian Sarkis, worked closely with Evoqua’s finance team during the acquisition process.

“Our expertise in valuation allows us to provide clients with specialized services like purchase price allocation which provide clarity and confidence to the buyer to proceed with an acquisition knowing the terms are sound and the deal is aligned to their business objectives,” said Sarkis.

About Evoqua Water Technologies
Evoqua Water Technologies is a leading provider of mission critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 160 locations across ten countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life®.

About Franklin Nova Group
Headquartered in Pittsburgh, Franklin Nova Group is a boutique finance advisory firm respected for its valuation services to both public and private companies, and M&A and business advisory practices focused on mid-market companies, advisors and high net-worth individuals. For more information on the Franklin Nova Group, visit

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Brian Sarkis - 412.206.1486