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LONDON - Water Intelligence plc (AIM:WATR.L) has agreed to reacquire its American Leak Detection (ALD) franchise in Middle Georgia for an initial payment of $350,000 in cash, according to a press release statement issued Wednesday.
The transaction includes a deferred payment structure, with the company agreeing to pay the seller four times the profits generated by the franchise in the trailing twelve months from August 1, 2027, less the initial payment. The Middle Georgia franchise currently generates annual revenues of $600,000 and profits of $150,000.
This reacquisition completes a strategic cycle that began in March 2019, when Water Intelligence initially acquired the combined South Atlanta and Middle Georgia franchise for $425,000, before selling the Middle Georgia portion for $168,750 to a new franchisee.
The newly combined corporate territory will have approximately $1.25 million in sales and $380,000 in profits based on the last twelve months’ performance. The current franchise owner will remain as a corporate manager.
The Middle Georgia operation will become part of a regional hub that includes a February 2025 franchise reacquisition covering territories in Georgia and South Carolina. This southeast regional hub will have combined scale of $2.8 million in sales and approximately $930,000 in profits.
Water Intelligence also announced it will present its growth strategy at Canaccord Genuity’s 45th Annual Growth Conference taking place August 12-14 in Boston. Canaccord will serve as the lead broker for the company and plans to initiate research coverage.
Water Intelligence provides leak detection and remediation solutions for both potable and non-potable water infrastructure.
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