M&A Deal Summary

Watts Acquires Apex Valves

On November 30, 2015, Watts acquired machinery company Apex Valves for 22M USD

Acquisition Highlights
  • This is Watts’ 3rd transaction in the Machinery sector.
  • This is Watts’ 3rd largest (disclosed) transaction.
  • This is Watts’ 1st transaction in New Zealand.

M&A Deal Summary

Date 2015-11-30
Target Apex Valves
Sector Machinery
Buyer(s) Watts
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

Apex Valves

Auckland, New Zealand
Apex Valves Ltd. is specializes in the design and manufacture of control valves for low and high pressure hot water and filtration systems.

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Buyer(S) 1

Buyer

Watts

North Andover, Massachusetts, United States

Category Company
Founded 1874
Sector Manufacturing
Employees4,800
Revenue 2.3B USD (2024)
DESCRIPTION
Entrance to Watts Water Technologies' corporate headquarters in North Andover, Massachusetts.
Entrance to Watts Water Technologies' corporate headquarters in North Andover, Massachusetts.

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


DEAL STATS #
Overall 6 of 14
Sector: Machinery M&A 3 of 4
Type: Add-on Acquisition M&A Deals 6 of 14
Country: New Zealand M&A 1 of 1
Year: 2015 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 AERCO International

Blauvelt, New York, United States

AERCO International, Inc. (AERCO) is a provider of boilers and water heating products, and the originator of semi-instantaneous water heating.

Buy $265M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 PVI Industries

Fort Worth, Texas, United States

PVI Industries LLC is a manufacturer of commercial water heaters, firetube boilers, multi-tube boilers and related component parts.

Buy -