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Taneytown, Md. — July 24, 2015 — EVAPCO, Inc., a global innovator of heat transfer solutions, announced that it has purchased the assets of Clearwater Systems Corp. The acquisition combines two industry innovators and provides a path for pulse-power water treatment to thrive in the marketplace and improve the sustainability of the evaporative cooling industry.
With the financial transaction now complete, a long-term strategy will be finalized and announced within the next few months.
EVAPCO Products will now be doing business as Dolphin WaterCare. For the foreseeable future, EVAPCO and Dolphin WaterCare will continue commercial operations as independent entities with independent sales forces and channels to market. Anupam Bhargava, formerly CEO of Clearwater Systems, will continue in his leadership role as president of Dolphin WaterCare.
The acquisition of Dolphin WaterCare represents a strategic addition to EVAPCO’s suite of water treatment solutions. The Dolphin WaterCare solution, with a world-wide install base of over 5,500 systems, is a proven, full-service, and sustainable water treatment alternative to hazardous chemical water treatment for evaporative cooling and refrigeration systems.
EVAPCO currently offers Smart Shield and Pulse~Pure — the first and only factory-mountable water treatment systems specifically engineered for closed circuit coolers and evaporative condensers.
“A partnership between EVAPCO and Dolphin WaterCare was a natural fit, as we both share a goal of improving water efficiency and sustainability benefits for the evaporative cooling industry,” said William G. Bartley, president and CEO of EVAPCO. “We are optimistic that combining EVAPCO’s financial strength with the water treatment experience, technology, and service capabilities of both of our companies will help drive market demand for time-tested and proven non-chemical water treatment solutions.”
For more information, visit www.evapco.com and www.dolphinwatercare.com.
