September 20, 2017 2:48 AM ET

Machinery

Company Overview of Quench USA, Inc.

Company Overview

Quench USA, Inc. provides water filtration systems and ice dispensers to businesses across North America. The company offers countertop, free-standing, and under-counter water dispensers and ice machines; water coolers, food service solutions, and specialty water filtration products; and filtration, purification, and sanitization technologies. It serves Fortune 500 companies in higher education, healthcare, hospitality, manufacturing/warehouse and distribution, professional services, food service, retail, and government industries, as well as gyms, spas, and salons. The company was incorporated in 2008 and is based in King of Prussia, Pennsylvania. It has sales and service operations across ...

780 5th Avenue

Suite 200

King of Prussia, PA 19406

United States

Founded in 2008

Phone:

610-277-7472

Fax:

610-277-6901

Key Executives for Quench USA, Inc.

Chief Executive Officer
Age: 58
Chief Financial Officer
Chief Operating Officer
Chief Information Officer & VP
Senior Vice President of Service
Compensation as of Fiscal Year 2017.

Quench USA, Inc. Key Developments

Quench Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Quench reported earnings results for the second quarter and six months ended June 30, 2017. The company has posted revenues of $15.1 million increased 2.7% from $14.7 million in the prior year period. The increase in revenues included an increase in rental revenues of $1.0 million due to net additional units placed under new leases, including a small contribution from the PWI acquisition. Net loss was $2.6 million for the second quarter of 2017 compared to a net loss of $2.2 million in the prior year period. EBITDA of $4.1 million for the second quarter of 2017 increased 17.4% from $3.5 million in the prior year period. For the six months ended June 30, 2017, the company reported total revenues of $29.9 million, a $1.5 million or 5.5%, increase compared to the prior year period revenues of $28.3 million. Net loss was $5.2 million, compared to a net loss of $5.1 million in the prior year period. Adjusted EBITDA was $7.9 million for the six months ended June 30, 2017, a 43.3% increase from Adjusted EBITDA of $5.5 million for the six months ended June 30, 2016.

Quench Promotes Tildy Wren to Vice President and Chief Information Officer

Quench announced that Tildy (Mathilde) Wren has been promoted to Vice President and Chief Information Officer. Ms. Wren will serve on Quench's executive committee and lead the information technology function. Ms. Wren joined Quench in 2015 to lead the Business Process Engineering team. She previously served as a senior technology and business executive for several high-growth companies over her career, including Nutrisystem, Inc., Radian Group, Inc., and Wawa, Inc.

Quench USA, Inc. Becomes Supplier for Avendra

Quench USA, Inc. and an operating platform of AquaVenture Holdings announced that it has become an approved supplier for Avendra. Quench will be Avendra's preferred provider of sparkling water dispensers in the U.S., including Vivreau® sparkling water dispensers and table top bottlers, and will also offer a broad range of Quench filtered water coolers to satisfy the drinking water needs at partner properties.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 9, 2017
Quench Water Canada, Inc.
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