Subsequent Events

9 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

The Company completed the acquisition of ProAct Services Corporation (ProAct) on July 26, 2018, through the Company's wholly owned subsidiary, EWT Holdings III Corp., for $133,772 paid in cash at closing. ProAct is a leading provider of on-site treatment services of contaminated water in all 50 states. ProAct will operate as a separate division within Evoqua’s Industrial Segment and will continue to be based in Ludington, Michigan with a nationwide service footprint and facilities in California, Florida, Michigan, Minnesota, New Jersey, Virginia and Texas.

In connection with the closing of the ProAct acquisition on July 26, 2018, EWT Holdings III Corp. entered into Amendment 6 to the First Lien Credit Agreement dated January 15, 2014 (as amended, amended and restated, extended, supplemented or otherwise modified from time to time prior to the effectiveness of Amendment 6, the Existing Credit Agreement). Pursuant to Amendment 6, among other things, EWT Holdings III Corp. borrowed an additional $150,000 in incremental term loans, and all of the revolving credit lenders whose revolving credit loans were scheduled to mature on January 15, 2019 agreed to convert 100% of these commitments into revolving credit loans that will mature on December 20, 2022. The other terms of the Existing Credit Agreement, including rates, remain generally the same.