Overview Key strengths Key risks Global leader in water, hygiene, and infection prevention solutions and services. Some exposure to cyclical end-markets like refining, petrochemicals, and the fuel industry. Significant international presence, which it continues to expand through acquisitions. Some susceptibility to demand downturns in key end markets such as lodging, and entertainment. Solid and consistent profitability, with EBITDA margins of low-20%. Diverse customer base with long-lasting performance. Most of the company's revenue comes from relatively stable end markets consisting of safe food, healthy environments, and industrial clean water. We believe the company is an industry leader that provides a wide variety of services catering to a broad array of customers, including water treatment applications to the food and beverage, manufacturing,
