Divestiture • Electrical Equipment

Regal Rexnord Acquires Rexnord’s Process & Motion Control Business

On September 1, 2021, Regal Rexnord acquired electrical equipment company Rexnord’s Process & Motion Control Business from Zurn Elkay Water Solutions

Acquisition Context
  • This is Regal Rexnord’s 11th transaction in the Electrical Equipment sector.
  • This is Regal Rexnord’s 10th transaction in the United States.
  • This is Regal Rexnord’s 3rd transaction in Wisconsin.

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M&A Deal Summary

Date September 1, 2021
Target Rexnord’s Process & Motion Control Business
Sector Electrical Equipment
Buyer(s) Regal Rexnord
Sellers(s) Zurn Elkay Water Solutions
Deal Type Divestiture

Target Company

Rexnord’s Process & Motion Control Business

Milwaukee, Wisconsin, United States
Rexnord’s Process & Motion Control Business services clients and is based in Wisconsin.
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Buyer Overview 1

Buyer

Regal Rexnord

Milwaukee, Wisconsin, United States

Category Company
Founded 1955
Sector Electrical Equipment
Employees30,300
Revenue 6.0B USD (2024)
DESCRIPTION
Entrance to Regal Beloit's corporate headquarters in Beloit, Wisconsin.
Entrance to Regal Beloit's corporate headquarters in Beloit, Wisconsin.

Regal Rexnord is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving markets throughout the world. Regal Rexnord was founded in 1955 and is based in Milwaukee, Wisconsin.


Deal Context for Buyer #
Overall 16 of 17
Sector: Electrical Equipment 11 of 12
Type: Divestiture 6 of 6
State: Wisconsin 3 of 3
Country: United States 10 of 11
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Hy-Bon Engineering Co.

Midland, Texas, United States

Hy-Bon Engineering Co. Inc. design and fabrication of customized compressor packages for handling low pressure gas streams. Regardless of the application: whether gas from oilfield stock tanks, casinghead gas, field gas collection or biogas from wastewater facilities, digester tanks, landfills or breweries, HY-BON/EDI can design the package required. HY-BON/EDI also designs and manufactures custom compressed natural gas (CNG) packages for municipal applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Altra Industrial Motion

Braintree, Massachusetts, United States

Altra Industrial Motion is a designer, producer and marketer of a wide range of electromechanical power transmission products. Altra Industrial Motion was founded in 2004 and is based in Braintree, Massachusetts.

Buy $5.0B

Seller Profile 1

SELLER

Zurn Elkay Water Solutions

Milwaukee, Wisconsin, United States

Category Company
Founded 2006
Sector Environmental
Employees2,500
Revenue 1.6B USD (2024)
DESCRIPTION
Zurn Elkay Water Solutions' corporate headquarters in downtown Milwaukee, Wisconsin.
Zurn Elkay Water Solutions' corporate headquarters in downtown Milwaukee, Wisconsin.

Zurn Elkay Water Solutions is a pure-play water business that designs, procures, manufactures, and markets a sustainable product portfolio of solutions to improve health, human safety, and the environment. The Zurn product portfolio includes professional-grade water control and safety, water distribution and drainage, finish plumbing, hygienic, environmental and site works products for public and private spaces. Zurn Elkay Water Solutions was founded in 2006 and is based in Milwaukee, Wisconsin.


Deal Context for Seller #
Overall 2 of 2
Sector: Electrical Equipment 1 of 1
Type: Divestiture 2 of 2
State: Wisconsin 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 VAG

Mannheim, Germany

VAG Group develops, produces and sells industrial fittings for the water supply and drainage sectors. VAG was founded in 1872 and is based in Mannheim, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Elkay

Downers Grove, Illinois, United States

Elkay is a manufacturer of kitchen and bath cabinetry. EWP is a renowned manufacturer with an iconic brand portfolio including Medallion, Design-Craft, Yorktowne, Schuler, Medallion at Menards, MasterCraft, and American Cabinetry Collection. Elkay Manufacturing was founded in 1920 and is based in Downers Grove, Illinois.

Buy $1.6B