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Zurn Elkay Water Solutions Corporation to Acquire Intellihot

  • Zurn Elkay Water Solutions (NYSE: ZWS) signed an agreement to acquire Intellihot, Inc., a private leader in tankless water heating solutions for healthcare, education, hospitality, and commercial markets.
  • The acquisition aims to expand Zurn Elkay's presence into the high-efficiency water heating sector, a category with regulatory tailwinds and integrated solution demand.
  • Intellihot offers gas and electric tankless water heaters with energy efficiency and cost savings compared to traditional tanked units.
  • Intellihot's net sales are projected to reach approximately $37 million in 2026.
  • The transaction is expected to close early in the third quarter of 2026.
  • Zurn Elkay reported second-quarter results that exceeded the previously provided outlook range.
  • The company plans to provide further details on quarterly performance and outlook during an earnings call scheduled for July 29, 2026.
  • Zurn Elkay remains headquartered in Milwaukee, Wisconsin, and is recognized as one of the World's Greenest Companies.