The Evolution of Water-As-A-Service™ (WAAS™)

AquaVenture Holdings (AVH) was formed to become the world’s leading water service provider. Through its Quench and Seven Seas Water businesses, AVH provides water solutions, utilizing state-of-the-art purification and desalination technologies.

The term “Water-as-a-Service,” or WAAS, refers to providing municipal, industrial and commercial customers with a reliable, worry-free, low-cost water supply without requiring up-front capital investment. In such arrangements, water systems are operated and maintained by water experts, yielding predictable and contracted water costs for customers.

The global water market is estimated to be $600 billion, with annual growth of 7%, according to a 2014 report by Bank of America Merrill Lynch. The imbalance of water supply and demand is expected to intensify as a result of:

  • population growth, urbanization, and industrialization;
  • depletion of groundwater sources;
  • pollution of waterways; and
  • inefficient management of water infrastructure.

According to the 2030 Water Resources Group (a public/private partnership led by the World Bank and the World Economic Forum), these stressors will create a 40% global shortfall in available freshwater by the year 2030. Anticipated population growth of 1 billion people between 2015 and 2030 is the primary driver. The United Nations predicts that 50% of the world’s population will be living in areas of high water stress by then. AquaVenture believes that the growing scarcity of clean water and the capital to spend on water treatment systems will drive strong and growing demand for Water-as-a-Service.

AquaVenture Holdings is the creation of a forward-thinking investor group led by Element Partners and Virgin Green Fund, two major investors in water technology businesses, along with Chairman Doug Brown, who has had a successful career in water technology, including the leadership of Ionics, a pioneer in the water technology industry.

Our Strategy

We believe that we are well positioned to capitalize on global growth opportunities driven by population growth, increasing urbanization and water scarcity, increasing focus on health and wellness, and the environmental impact of bottled water consumption. We believe our focus on delivering best-in-class service and efficiency to our customers will continue to lead to substantial new business, contract extensions and customer expansion opportunities. We also have a demonstrated track record of identifying, executing and integrating acquisitions, with Seven Seas Water and Quench having completed more than two dozen transactions since 2007. We plan to continue to pursue acquisitions that will expand our geographic presence, broaden our service offerings and allow us to move into additional markets.

We are led by a talented management team with extensive industry experience, engineering knowledge, operational expertise and financial capabilities. Our team has a demonstrated record of execution, having built AquaVenture into a leader in the major markets we serve. Our Seven Seas Water team currently operates our eleven water treatment facilities and previously designed and operated more than 50 desalination plants with Ionics, Incorporated (a former NYSE-traded water treatment technology company purchased by General Electric Co. in 2005). Our Quench team has grown Quench’s company-owned and Point-of-Use (POU) filtered water system installed base from approximately 11,300 units in 2009 to more than 140,000 today through organic growth and targeted acquisitions.