Xylem to acquire Sensus for $1.7 billion from The Jordan Company and GS Capital Partners

Xylem signed a definitive agreement to acquire smart-meter maker Sensus for approximately $1.7 billion in cash. Sensus was owned by PE funds affiliated with The Jordan Company and GS Capital Partners 2000, making this a PE-backed exit.

“Sensus, owned by investment funds affiliated with The Jordan Company and GS Capital Partners 2000, is a provider of smart meters, network technologies, and advanced data analytics services for the water, electric, and gas industries.”

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