Farmington’s Onesource Water, which provides bottleless water coolers to business customers, said it has raised $60 million in debt from Webster Bank and Westport private equity fund Balance Point Capital Partners.
Onesource said it will use the money to invest in infrastructure and acquisitions.
“The company is keyed in on operational excellence and has demonstrated an ability to grow successfully,” said Balance Point Managing Partner Seth Alvord. “We look forward to being part of the business.”
Onesource has completed 21 acquisitions in the past several years.
The most recent was in November, when it acquired Colorado-based Pure WaterWorks & Coffee Co.
Onesource said Webster syndicated the senior portion of the loan to BrookLine Bank and BankRI.
