M&A Deal Summary

Watts Water Technologies Acquires Bradley

On August 30, 2023, Watts Water Technologies acquired building materials company Bradley for 303M USD

Acquisition Highlights
  • This is Watts Water Technologies’ 2nd transaction in the Building Materials sector.
  • This is Watts Water Technologies’ largest (disclosed) transaction.
  • This is Watts Water Technologies’ 6th transaction in the United States.
  • This is Watts Water Technologies’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2023-08-30
Target Bradley
Sector Building Materials
Buyer(s) Watts Water Technologies
Deal Type Add-on Acquisition
Deal Value 303M USD
Advisor(s) Hanley, Hammill, Thomas (Financial)

Target

Bradley

Menomonee Falls, Wisconsin, United States
website
Bradley is a source for multi-function handwashing and drying fixtures, accessories, partitions and solid plastic lockers, as well as emergency safety fixtures and electric tankless heaters for industrial applications. Bradley was formed in 1920 and based in Menomonee Falls, Wisconsin.

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Buyer(S) 1

Buyer

Watts Water Technologies

North Andover, Massachusetts, United States

website

Category Company
Founded 1874
Sector Environmental
Employees4,600
Revenue 2.0B USD (2022)
DESCRIPTION
Entrance to Watts Water Technologies' corporate headquarters in North Andover, Massachusetts.
Entrance to Watts Water Technologies' corporate headquarters in North Andover, Massachusetts.

Watts Water Technologies is a manufacturer of innovative products to control the efficiency, safety, and quality of water within residential, commercial, and institutional applications. Watts Water Technologies was founded in 1874 and is based in North Andover, Massachusetts.

DEAL STATS #
Overall 9 of 10
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 9 of 10
State (Wisconsin) 1 of 1
Country (United States) 6 of 7
Year (2023) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 BackFlowDirect

Rancho Cordova, California, United States

BackFlowDirect LLC is an American manufacturing company that produces a large diameter ( 2 1/2 - 8"​) stainless steel backflow preventer known as "The Deringer"​. BackFlowDirect was formed in 2012 and is based in Rancho Cordova, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 Josam

Michigan City, Indiana, United States

Josam is a provider and manufacturer of drainage and plumbing products to commercial, industrial, and multi-family building markets. Josam is based in Michigan City, Indiana.

Buy -
Mergr

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