Tampa firm merges with Quench USA

TAMPA — Quench USA Inc., the largest independent provider of filtered water coolers and ice dispensers in North America, has agreed to merge into AquaVenture Holdings, a Tampa-based water purification company.

King of Prussia, Pa.-based Quench becomes the second operating business for AquaVenture Holdings, in addition to Tampa's Seven Seas Water Corp., which creates and operates seawater desalination and water treatment facilities for businesses and municipalities.

In connection with the merger, AquaVenture Holdings secured an additional $50 million in financing, led by Element Partners and mutual funds managed by T. Rowe Price. The company says this funding will be used for new acquisitions and business development.