Castik Capital has successfully launched the EPIC I-b Fund to acquire a controlling stake in Waterlogic, enhancing its growth strategy and solidifying its position as a leader in the drinking water solutions industry.

Target Information

Waterlogic is a prominent global provider specializing in purified drinking water dispensers, targeting a diverse range of environments including offices, hospitals, restaurants, and public spaces. Established in 1992, Waterlogic is renowned for its innovative designs and commitment to sustainability, being one of the pioneers in the bottle-less dispenser market. The company boasts a vertically integrated operations model, with in-house research and development, as well as manufacturing facilities in the USA, Australia, and China. Waterlogic currently services clients in 18 countries directly and reaches an additional 50 countries through its extensive distribution network.

Since its initial investment by Castik Capital’s EPIC I Fund in January 2015, Waterlogic has experienced significant growth, increasing its revenue to approximately $400 million and achieving an EBITDA of over $150 million. This growth trajectory is supported by a robust pipeline of acquisition opportunities and organic initiatives such as new product launches and market expansion.

Industry Overview

The global demand for purified drinking water solutions has surged, driven by heightened awareness surrounding health and sustainability. This trend is particularly pronounced in B2B segments, where com