DS Waters of America Inc., an Atlanta-based provider of bottled drinking water under the Crystal Springs and other brands, said Wednesday that it will be acquired by an affiliate of Crestview Partners, a New York private equity firm.
Financial terms were not disclosed but DS Waters, which also produces brewed beverages and supplies water filtration systems, will be acquired from a group of equity owners via a merger, the company said. It will remain based in Atlanta when the deal closes, which is expected within three months.
“Our partnership with Crestview will provide additional capital and support as we accelerate our growth, both organically and through acquisitions, and further expand our product offering,” DS Waters President and CEO Tom Harrington said in announcing the deal.
DS Waters said it serves more than a million homes, offices, restaurants, food service organizations, convenience stores and retail locations. In addition to Crystal Springs, its brands include Alhambra, Athena, Belmont Springs, Deep Rock, Hinckley Springs, Kentwood Springs, Mount Olympus, Nursery Water, Sierra Springs and Sparkletts.
