Majority stake Announced Nov 2014
Watts Water to acquire AERCO International from The Riverside Co. for $264.5M
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Watts Water Technologies signed a definitive agreement to acquire AERCO International, a commercial boiler and water heater maker held by private equity firm The Riverside Co., in an all-cash deal valued at $264.5 million. This represents a PE exit/divestiture of a portfolio company.