M&A Deal Summary

Bradford White Acquires Keltech

On January 4, 2021, Bradford White acquired electrical equipment company Keltech from Bradley

Acquisition Highlights
  • This is Bradford White’s 1st transaction in the Electrical Equipment sector.
  • This is Bradford White’s 1st transaction in the United States.
  • This is Bradford White’s 1st transaction in Michigan.

M&A Deal Summary

Date 2021-01-04
Target Keltech
Sector Electrical Equipment
Buyer(s) Bradford White
Sellers(s) Bradley
Deal Type Divestiture

Target

Keltech

Delton, Michigan, United States
Keltech, Inc. is a manufacturer of commercial and industrial tankless electric water heaters. Keltech was founded in 1987 and is based in Delton, Michigan.

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Buyer(S) 1

Buyer

Bradford White

Ambler, Pennsylvania, United States

Category Company
Sector Electrical Equipment
DESCRIPTION

Bradford White Corp. is a full-line manufacturer of residential, commercial and industrial products for water heating, space heating, combination heating and storage applications. Bradford White is based in Ambler, Pennsylvania.


DEAL STATS #
Overall 1 of 3
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 Heat-flo

Uxbridge, Massachusetts, United States

Heat-flo offers a range of solutions from multi-energy/solar and electric-based water heating systems to hydronic and radiant heating applications. Heat-flo is based in Uxbridge, Massachusetts.

Buy -

Seller(S) 1

SELLER

Bradley

Menomonee Falls, Wisconsin, United States

Category Company
Founded 1920
Sector Building Materials
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-04 Keltech

Delton, Michigan, United States

Keltech, Inc. is a manufacturer of commercial and industrial tankless electric water heaters. Keltech was founded in 1987 and is based in Delton, Michigan.

Buy -