Lombard, Illinois

Prospect Water Co. provides water treatment products and services to household and commercial customers through independently franchised dealers.

• Prospect Partners teamed with management and independent equity sponsor Stone Pointe, LLC, of Naperville, Ill., to acquire 11 company-owned dealers of Culligan International in October, 2011, and form Prospect Water Co.
  • As the top brand in the water treatment market, Culligan is the natural choice for consumers and businesses facing 'hard water' or other 'problem' water issues.
  • Culligan, founded in 1936, distributes its products and services globally primarily through independently franchised dealers.
  • With the transaction, Prospect Water Co. became an independently franchised dealer. Its 11 franchises are located in New York, Connecticut, Rhode Island, Ohio, Indiana, and Washington.
  • Products include water softeners, water filtration systems, bottled water, and other related products and services.
  • Prospect Water Co. is led by Don Fuller, CEO, and John Capone, COO, two veteran Culligan operating executives.
• Mr. Kenter serves Prospect Water Co. as Chairman; Mr. O'Dell and Stone Pointe's Principal Lee Vandermyde serve as Directors.
• Prospect Water Co. seeks to acquire other Culligan franchises, independent water service dealers, and providers of commercial water purification services.
• SIC codes: 7389-84 (water treatment equipment & services); 7629-28 (water softening equipment service & supply); and 5963-0101 (bottled water delivery)