Source Global Acquires Proud Source Water

Mar 08, 2023•over 2 years ago

Acquiring Company

SOURCE Global PBC

Acquired Company

Proud Source Water, Inc.

BoiseWater PurificationWaterWaterFood And Beverage

Description

SOURCE Global, the developer of the SOURCE® Hydropanel, the world's first technology to sustainably generate renewable drinking water from the atmosphere, is proud to announce the acquisition of Proud Source Water, a leader in sustainably bottled spring water. Combining the resources and technological expertise of these two companies will transform the industry creating a new standard in bottled water -- renewable water sourced from the air and delivered in infinitely recyclable packaging.

Company Information

Company

SOURCE Global PBC

About

SOURCE Global exists to "perfect water for every person, every place". The company's SOURCE® Hydropanels create drinking water using sunlight and air as the only inputs, putting the power of safe, high-quality water production into the hands of every person in nearly every climate and corner of the world. The infrastructure-free nature of Hydropanels means that the company has been providing off-grid, renewable drinking water to communities, homes, corporate campuses, hotels, islands without infrastructure, remote work sites, and other applications, now in more than 50 countries in six continents. A Public Benefit Corporation, SOURCE Global's mission is to make drinking water an unlimited resource. SOURCE is bringing water where people need it to be in a sustainable and environmentally friendly way –making water accessible wherever you go. Headquartered in Scottsdale, Arizona, SOURCE is on Fast Company's 2020 list of most innovative social good companies. SOURCE® is a registered trademark of SOURCE Global, PBC. For more information on SOURCE Global visit www.source.co. You can also follow SOURCE on Facebook (https://www.facebook.com/sourcewater), LinkedIn (https://www.linkedin.com/company/sourceglobal), Instagram (https://www.instagram.com/sourcewater/), and Twitter (https://twitter.com/sourcewaterco).

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed