Evoqua Water Technologies Corp. launched a secondary public offering of 13 million shares of its common stock by certain shareholders of the company, including certain affiliates of AEA Investors LP. In additionally, the selling shareholders intend to grant to the underwriters a 30-day option to purchase up to 1.95 million additional shares of common stock.
The company is not selling any shares in the offering and will not receive any proceeds from the sale of shares being sold.
Credit Suisse, RBC Capital Markets and J.P. Morgan are acting as joint lead book-running managers in the offering.
Headquartered in Pittsburgh, Evoqua Water Technologies provides mission critical water and wastewater treatment solutions. The company operates in more than 160 locations across 10 countries, while serving more than 38,000 customers and 200,000 installations worldwide.