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New Deal


Announced

Completed

Fortune Brands Innovations completed the acquisition of SpringWell for $105m.

Financials

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Transaction Value£82m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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water filtration

United States

Private

Completed

Capital Goods

Majority

Acquisition

Domestic

Friendly

Single Bidder

Synopsis

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Fortune Brands Innovations, a manufacturer of home and security products, completed the acquisition of SpringWell, a residential whole-home water filtration and water softening solutions provider, for $105m. “This acquisition opens opportunities for Fortune Brands to cross-sell our complementary water management products and positions Fortune Brands to continue to strategically expand our whole home water ecosystem enabled by smart, connected products,” Nicholas Fink, Fortune Brands Chief Executive Officer.

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