Water Intelligence plc (AIM:WATR) acquired Seattle franchise of American Leak Detection for $5.5 million on January 6, 2021. The purchase price is split as $5 million being based on 2020 performance and another $0.5 million being based on higher financial performance through year-end 2022, which is subject to clawback. Water Intelligence paid $4 million at closing and will pay the remainder through January 2023. The purchase price will be paid in cash. Seattle franchise of American Leak Detection had revenue of $2.7 million in 2020. The leadership team in Seattle will be staying to help grow the Northwest operations. In addition, one member of the leadership team will be moving to San Jose to grow that corporate operation and to link the technology operating plan between San Jose and Seattle. The transaction is accretive for shareholders and, combined with the December reacquisitions of New Orleans, Louisiana and Melbourne, Florida creates significant momentum for accelerating growth in 2021. Adrian Hadden, James Sinclair-Ford and Matthew Chan of WH Ireland Limited and Stephen Norcross of Dowgate Capital Limited acted as financial advisors for Water Intelligence. Water Intelligence plc (AIM:WATR) completed the acquisition of Seattle franchise of American Leak Detection on January 6, 2021.