Zurn Water Solutions Completes Combination with Elkay Manufacturing

July 1, 2022

Zurn Water Solutions Corporation completed its previously announced combination with Elkay Manufacturing Company, forming Zurn Elkay Water Solutions Corporation headquartered in Milwaukee, Wisconsin. Under the terms, Elkay shareholders received approximately 51.6 million shares of Zurn common stock (owning ~29% of the combined company), and the combined company expects roughly $50 million of synergies and a broader sustainable water solutions portfolio.

Buyers
Zurn Water Solutions Corporation (now Zurn Elkay Water Solutions Corporation)
Targets
Elkay Manufacturing Company
Sellers
Elkay Manufacturing Company shareholders
Location
Illinois, United States
Transaction Type
Buyout

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