Deal announced Nov 2014 · Blauvelt, New York Verified
Watts Water Technologies to Acquire AERCO International
Watts Water Technologies announced a definitive agreement to acquire AERCO International, a portfolio company of The Riverside Co., for $264.5 million in an all-cash transaction. The deal is expected to close before the end of 2014.
“Watts Water Technologies Inc. has announced the signing of a definitive agreement to acquire AERCO International Inc., a portfolio entity of The Riverside Co., in an all-cash transaction.”
Entities
The Riverside Company · Sponsor AERCO International Inc. · Target Watts Water Technologies · Acquirer
HVAC Sentiment: Neutral
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.