M&A Deal Summary

AO Smith Acquires Water-Right

On April 8, 2019, AO Smith acquired environmental company Water-Right for 107M USD

Acquisition Highlights
  • This is AO Smith’s 1st transaction in the Environmental sector.
  • This is AO Smith’s 7th largest (disclosed) transaction.
  • This is AO Smith’s 7th transaction in the United States.
  • This is AO Smith’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2019-04-08
Target Water-Right
Sector Environmental
Buyer(s) AO Smith
Deal Type Add-on Acquisition
Deal Value 107M USD

Target

Water-Right

Appleton, Wisconsin, United States
Water-Right, Inc. is a water quality solutions provider with a complete line of residential and commercial products and systems for a wide variety of applications, including solutions for problem well water. Water-Right products are sold under the Evolve®, WaterCare®, Sanitizer Series®, Impression Series® and CustomCare® product brands. In addition to its advanced and innovative product solutions, Water-Right also has a retail facility, Water-Right Services, and a state-certified lab, Clean Water Testing LLC™, specializing in water analytical services.

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Buyer(S) 1

Buyer

AO Smith

Milwaukee, Wisconsin, United States

Category Company
Founded 1874
Sector Manufacturing
Employees12,000
Revenue 3.9B USD (2023)
DESCRIPTION
Entrance to AO Smith's corporate headquarters in Milwaukee, Wisconsin.
Entrance to AO Smith's corporate headquarters in Milwaukee, Wisconsin.

AO Smith is a manufacturer of water heaters and boilers, serving a diverse mix of residential and commercial end markets. The Company's water heater segment offers electric, natural gas and liquid propane models as well as solar tanks and gas tankless units for today’s energy efficient homes. AO Smith's commercial boilers are used primarily in space heating applications including hospitals, schools, hotels and other large commercial buildings. AO Smith was incorporated in 1874 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 9 of 14
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 7 of 11
State (Wisconsin) 2 of 2
Country (United States) 7 of 10
Year (2019) 1 of 1
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Sun Water Systems

Haltom City, Texas, United States

Sun Water Systems, Inc. (dba Aquasana) is a designer, assembler and marketer of premium performance water treatment products, including whole-house treatment systems, drinking water solutions for at home and on-the-go, and shower filters.

Buy $87M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-23 Master Water Conditioning

Pottstown, Pennsylvania, United States

Master Water Conditioning offers residential, commercial, and light industrial products and systems to address a wide range of water issues. Master Water products include point-of-entry water softeners, filters, and ultrafiltration systems, which are sold under the names Alliance, Clarifier, MasterFusion, Satin, PuroPro, UltraPro, and Clear Reflections, among others. Master Water Conditioning was founded in 1967 and is based in Pottstown, Pennsylvania.

Buy -