| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Pentair plc (NYSE:PNR), a leader in helping the world sustainably move, improve and enjoy water, life's most essential resource, today announced it has entered into a definitive agreement to acquire Hydra-Stop LLC, a leading provider of specialty valve solutions, for approximately $290 million in cash, subject to customary adjustments, from Madison Industries. When adjusted for approximately $50 million of expected tax benefits, the net transaction value is approximately $240 million.
Hydra-Stop, a leading insertion valve and line stop manufacturer, employs more than 50 team members and operates in Burr Ridge, Ill. With approximately 99% of sales in the United States, Hydra-Stop is expected to generate approximately $50 million in revenue in full year 2025 with an expected Return on Sales of approximately 30%.
"This strategic acquisition will help accelerate our growth initiatives for our commercial and infrastructure business by supporting municipalities and their service providers in addressing critical water issues through differentiated solutions that help maintain the flow of water in essential applications while preventing water loss," said De'Mon Wiggins, Executive Vice President and President, Pentair Flow. "We believe the Hydra-Stop culture and priorities are highly aligned with our efforts to help the world sustainably move water, life's most essential resource, and look forward to welcoming the Hydra-Stop employees to Pentair."
Upon closing of this transaction, Pentair plans to have Hydra-Stop operate within its Commercial and Infrastructure business unit of the Pentair Flow business segment. The acquisition is anticipated to be completed by the end of 2025, subject to customary closing conditions, including necessary regulatory approvals.
Posted In: PNR