Zurn Water Solutions to Combine with Elkay Manufacturing in All-Stock Merger

Zurn Water, LLC Acquires Just Manufacturing

January 28, 2020

Building Products

Zurn Water, LLC (Milwaukee) has acquired the assets of Just Manufacturing, a third-generation family-owned maker of stainless-steel designer and engineered sinks, commercial faucets and accessories. The acquisition (Just operates a 175,000 sq. ft. facility in Franklin Park, Illinois with ~135 employees) expands Zurn's product portfolio and strengthens its position in the commercial building specification market.

American Water and Essential Utilities to Merge in $63 Billion All-Stock Deal

October 28, 2025

Infrastructure

American Water Works Company and Essential Utilities announced a definitive, all-stock, tax-free merger to create the largest regulated U.S. water and wastewater utility. The combined company is expected to serve about 4.7 million water and wastewater connections across 17 states with an implied enterprise value of approximately $63 billion, with closing expected by end of Q1 2027 subject to approvals.

Xylem Acquires Evoqua in $7.5 Billion All-Stock Transaction

May 24, 2023

Healthcare Services

Xylem (NYSE: XYL) completed its acquisition of Evoqua Water Technologies Corp. (NYSE: AQUA) in an all-stock transaction valued at approximately $7.5 billion. The deal combines Xylem’s water technology portfolio with Evoqua’s mission-critical water treatment solutions and services to create a scaled global platform serving utilities and industrial/commercial end markets.

Calibre Scientific Acquires Elkay Laboratory Products (UK)

November 2, 2022

Medical Devices

Calibre Scientific acquired Elkay Laboratory Products, a Basingstoke, United Kingdom-based distributor of laboratory consumables, instruments and services. The deal expands Calibre Scientific's presence in the UK and adds a scalable distribution operation and complementary product and service capabilities to its life-science supplies portfolio.

Water Engineering Acquires WET Solutions

May 3, 2024

Environmental Services

Water Engineering, a portfolio company of Nolan Capital, has acquired WET Solutions, Inc., a Schaumburg, Illinois-based provider of water treatment equipment, chemicals, consultation, and preventative maintenance services. The transaction is an add-on to Water Engineering’s platform aimed at strengthening its presence in the greater Chicago area while retaining WET Solutions’ brand and owner involvement for continuity and growth.

Azuria Water Solutions (New Mountain Capital) Acquires Waterline Renewal Technologies

February 27, 2026

Infrastructure

Behrman Capital announced the sale of its portfolio company, Waterline Renewal Technologies, to Azuria Water Solutions, a portfolio company of New Mountain Capital. Waterline provides engineered trenchless products and services for the rehabilitation of wastewater and stormwater infrastructure.