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  6. Watts Acquires Bradley

M&A Deal Summary

Watts Acquires Bradley

On August 30, 2023, Watts acquired building materials company Bradley for 303M USD

Acquisition Highlights
  • This is Watts’ 2nd transaction in the Building Materials sector.
  • This is Watts’ largest (disclosed) transaction.
  • This is Watts’ 6th transaction in the United States.
  • This is Watts’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2023-08-30
Target Bradley
Sector Building Materials
Buyer(s) Watts
Deal Type Add-on Acquisition
Deal Value 303M USD
Advisor(s) Hanley, Hammill, Thomas (Financial)

Target

Bradley

Menomonee Falls, Wisconsin, United States
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.

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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 9 of 14
Sector: Building Materials M&A 2 of 3
Type: Add-on Acquisition M&A Deals 9 of 14
State: Wisconsin M&A 1 of 1
Country: United States M&A 6 of 10
Year: 2023 M&A 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 BackFlowDirect

Rancho Cordova, California, United States

BackFlowDirect LLC is an American manufacturing company that produces a large diameter ( 2 1/2 - 8"​) stainless steel backflow preventer known as "The Deringer"​. BackFlowDirect was formed in 2012 and is based in Rancho Cordova, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 Josam

Michigan City, Indiana, United States

Josam is a provider and manufacturer of drainage and plumbing products to commercial, industrial, and multi-family building markets. Josam is based in Michigan City, Indiana.

Buy -
Mergr

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