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Water Direct

The Deal

Bought By
Adam Johnson
Year
2022
Vehicle
Soris Capital, backed by Ethos Partners and Istria Capital
Kind
Services

A Colchester provider of emergency and alternative water supply, tankering and bottled water logistics for utilities, businesses and the public sector, founded in 1996.

What Happened Next

A majority sale in 2025 by one backer's sentence, to a buyer the second backer calls a private equity firm when announcing its exit and a minority reinvestment in January 2026. That backer's release of March 2022 names him as leading the management buy-in and taking the chief executive's seat, and the first backer says he added a second company a year later.

They sold a majority 3 years in, in 2025, and stayed with the company.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Istria Capital

Ethos Partners

  • JD2M · Stéfano Demari and Victor Peltier · 2023

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts rather than inferred.