Editor’s note: This story has been updated from an earlier version to include comment from OneSource’s CEO.
Farmington’s OneSource Water, which distributes bottleless water coolers to businesses, has raised $5.1 million in equity, it disclosed Thursday in a U.S. Securities and Exchange Commission filing.
The money comes from 21 investors.
OneSource has been acquiring distributors around the country over the past two years.
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CEO A.J. Wasserstein said in an email Friday afternoon that the company will use the money to drive both organic growth and further acquisition activity. He said OneSource is also working to raise debt funding.
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