Los Angeles, CA - June 7, 2019 - BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Avista Technologies, Inc. and Avista Technologies (UK) Ltd. (collectively “Avista” or the “Company”) to Kurita Water Industries Ltd. (TSE:6370) (“Kurita”). BDO Capital served as exclusive financial advisor to Avista, working closely with its shareholders and management team throughout the sale process.
Avista, a formulator and global supplier of reverse osmosis (RO) specialty chemicals and provider of technical support for membrane‐based water treatment systems, is a trusted expert in membrane system chemistry and global process support, including RO, microfiltration/ultrafiltration (MF/UF), and multimedia filtration (MMF). Avista aims to enhance the life, performance, reliability, and recovery rate of membrane systems.
Kurita, a publicly-traded company, is a leading supplier of water treatment solutions headquartered in Tokyo, Japan. Kurita has been actively expanding its activities globally by establishing strategic platforms in four key regions of the world – Japan, Asia, Europe, and the Americas. The acquisition of Avista, with its best‐in-class chemistries, technical capabilities, and customer base, is another step in that initiative.
This transaction highlights BDO Capital’s continued success advising entrepreneur-led companies. In addition, the deal enhances our specialty chemical and water treatment solutions and services credentials and demonstrates our ability to manage complex, multinational M&A processes.
