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New Deal


Announced

Completed

Zurn Water Solutions completed the merger with Elkay Manufacturing in a $1.56bn deal.

Financials

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Transaction Value£1,151m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Capital Goods

Friendly

Merger

steel sinks

Single Bidder

United States

Public

Acquisition

Majority

Domestic

Completed

Synopsis

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Zurn Water Solutions, a company that provides water solutions and products, completed the merger with Elkay Manufacturing, a commercial drinking water solutions provider, in a $1.56bn deal. “This transaction is a true game-changer as we create an even stronger pure play water company by combining with the iconic brand, Elkay. The combination puts us well on our way to doubling the size of the business over the next couple of years while enhancing our competitive advantage within specified water solutions. We also add the high-growth, and increasingly essential, drinking water sector in our portfolio and have a clear path to capitalize on the significant synergies the combination will generate,” Todd A. Adams, Zurn Water Solutions Chairman and CEO.

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