Digital Utilities Ventures Expands with Lifestyle Dock Acquisition
Deal News | Mar 25, 2025 | Globenewswire
Digital Utilities Ventures (DUTV), a major player in clean water and regenerative agriculture technologies, has announced its acquisition of the Lifestyle Dock Company (LDC). This strategic move aims to enhance DUTV's market reach for its patented Easy NanoVoid water purification technology, which utilizes an innovative process to remove impurities without using chemicals or filters. LDC's established network within the luxury dock and marina market offers DUTV direct access to waterfront property owners interested in sustainable solutions, potentially unlocking $3.4 million in revenue. The acquisition secures a new East Coast manufacturing presence, thus bolstering the production and distribution of DUTV's eco-friendly technologies like Terreplenish microbial fertilizer and Easy NanoVoid systems. This move aligns with DUTV's long-term growth strategy focused on sustainable innovation across various industries, including water treatment, agriculture, and industrial sectors.
Sectors
- Water Purification
- Luxury Goods
- Regenerative Agriculture
Geography
- United States – The acquisition involves American companies, DUTV and Lifestyle Dock Company, and highlights expansion in the U.S., particularly the East Coast with a facility in South Carolina.
Industry
- Water Purification – The article focuses on the introduction and expansion of DUTV's Easy NanoVoid technology, which pertains to the water purification industry.
- Luxury Goods – Lifestyle Dock Company's business in luxury docks places the article within the luxury goods sector.
- Regenerative Agriculture – DUTV's products, such as the Terreplenish liquid microbial fertilizer, categorize this article under regenerative agriculture.
Financials
- $3.4 million – Expected additional revenue from the acquisition of Lifestyle Dock Company.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Digital Utilities Ventures (DUTV) | Bidding Company | Company | DUTV focuses on sustainable technologies, acquiring LDC to enhance its market presence and manufacturing capabilities. |
| Lifestyle Dock Company (LDC) | Target Company | Company | A premium manufacturer of luxury docks, LDC provides DUTV with market access and manufacturing capabilities. |
| Mark K. Gaalswyk | CEO of DUTV | Person | Gaalswyk is the CEO who commented on the strategic importance of the acquisition. |
| Easy Energy Systems, Inc. | Source | Company | Incidentally named in the article as a contact source. |