Deal Description: Zurn Water Solutions Corporation (NYSE: ZWS), a market leader in smart, sustainable water solutions and products, and Elkay Manufacturing Company, a market leader in the highly attractive and growing commercial drinking water solutions business, announced that they have reached a definitive agreement to combine the businesses in an all-stock transaction. Upon completion of the transaction, Zurn Water Solutions shareholders will own approximately 71% and Elkay shareholders will own approximately 29% of the combined and newly named company – Zurn Elkay Water Solutions Corporation.
Baker Botts represented Evercore, which acted as financial advisor to Zurn Water Solutions.
The company’s press release can be found here.
Baker Botts Lawyers/Offices Involved:
Corporate: Clint Rancher (Partner, Houston), Josh Davidson (Partner, Houston), Samantha Crispin (Partner, Dallas) and Lakshmi Ramanathan (Senior Associate, Houston)
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