M&A Deal Summary

Fortune Brands Innovations Acquires SpringWell

On February 29, 2024, Fortune Brands Innovations acquired business services company SpringWell for 105M USD

Acquisition Highlights
  • This is Fortune Brands Innovations’ 1st transaction in the Business Services sector.
  • This is Fortune Brands Innovations’ largest (disclosed) transaction.
  • This is Fortune Brands Innovations’ 1st transaction in the United States.
  • This is Fortune Brands Innovations’ 1st transaction in Florida.

M&A Deal Summary
Date 2024-02-29
Target SpringWell
Sector Business Services
Buyer(s) Fortune Brands Innovations
Deal Type Add-on Acquisition
Deal Value 105M USD

Target

SpringWell

Daytona Beach, Florida, United States
SpringWell provides residential whole-home water filtration and water softening solutions via direct-to-consumer channels. SpringWell is based in Daytona Beach, Florida.

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Buyer(S) 1

Buyer

Fortune Brands Innovations

Deerfield, Illinois, United States
Category Company
Sector Business Services
Revenue 4.6B USD (2023)
DESCRIPTION

Fortune Brands Innovations is an innovation company dedicated to creating smarter, safer, and more beautiful homes and improving lives. The Company’s portfolio of brands includes Moen, House of Rohl, Aqualisa, Emtek, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, Yale Residential, and August. Fortune Brands Innovations is based in Deerfield, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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