Watts Water to acquire AERCO International from The Riverside Co. for $264.5M

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.

“NORTH ANDOVER, Mass. — 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.”

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