The Riverside Co. exits AERCO International via sale to Watts

PE firm The Riverside Co. is selling its portfolio entity AERCO International to Watts Water Technologies for $264.5 million cash, a sponsor exit of a commercial boiler/water heater manufacturer.

“Under the terms of the purchase agreement, Watts expects to pay $264.5 million in cash to purchase 100 percent of the share capital of AERCO on a debt/cash free basis.”

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