Next Chapter M&A | Home System Overview AquaScience Hub
Buyer Dossier

Waterlogic (Castik Capital)

Prepared for AquaScience
AquaScience • Lawrence "Larry" Casey

Buyer Profile

Sponsor
Castik Capital (Munich-based)
Current Structure
Merged with Culligan International (BDT & MSD Partners)
Combined Platform
Global water treatment & purification
Revenue
Not disclosed
Market Reach
Residential, Commercial & Industrial — Global
Acquisition Model
Hundreds of dealer/operator acquisitions (established playbook)
Culligan Brand
Recognized national brand with dealer network

Key Contacts

NameTitleCoverageEmail
Culligan Corporate DevelopmentVP, M&A / Corp DevDealer & operator acquisitions
Regional Operations LeadRegional VPMountain West operator integration
Castik Capital PrincipalsInvestment PartnersPortfolio oversight, strategic exits

Strategic Fit

The Waterlogic-Culligan combination created one of the world's most comprehensive water treatment platforms. Culligan's U.S. growth strategy relies on a hybrid model of company-owned operations and dealer acquisitions. Regularly acquiring independent water treatment operators — like AquaScience — is how Culligan builds geographic density and expands its national account capabilities.

AquaScience's Wyoming operations represent a geography where Culligan's presence may be limited. An acquisition delivers immediate local market penetration: existing customer relationships, local regulatory standing, and an operating team that already knows Wyoming's energy, mining, municipal, and agricultural water treatment market. Culligan's integration playbook, refined across hundreds of prior acquisitions, makes the process highly efficient.

AquaScience's customers gain access to Culligan's global technology platform, supply chain advantages, national account relationships, and Waterlogic's point-of-use purification capabilities. The brand uplift and resource access typically improve customer retention post-acquisition while preserving the local service quality that made AquaScience valuable.

Approach Strategy

Call Opener: "Culligan's U.S. growth is built on acquiring strong local water treatment operators and adding them to the network. We represent exactly that in Wyoming — AquaScience has established customer relationships across energy, municipal, and ag sectors. If Wyoming is a white space on your map, this is the acquisition to fill it."

1
Wyoming fills a geographic gap in Culligan's network. National water treatment platforms compete for large industrial and municipal accounts that require multi-state coverage. Adding Wyoming strengthens Culligan's ability to serve regional energy and mining customers who operate across Mountain West states.
2
Established integration playbook means low execution risk. Culligan has absorbed hundreds of independent operators. AquaScience's team, contracts, and customers transition through a proven process — not a bespoke integration — which protects value and reduces closing timeline.
3
AquaScience's industrial treatment expertise extends the platform. Waterlogic/Culligan's core strength is point-of-use purification and residential/commercial treatment. AquaScience's industrial and municipal treatment capabilities in Wyoming's energy and mining sectors add a service dimension that broadens Culligan's total addressable market.

Pipeline History

DateActivityContactOutcomeStatus
Initial Research & Profile BuildInternalDossier compiledComplete
First OutreachLarry CaseyPendingNext Step