February 16, 2022
Mayer Brown advises Elkay Manufacturing on $1.56 billion acquisition by Zurn Water Solutions
A cross-practice Mayer Brown team represented Elkay Manufacturing Company in connection with its definitive agreement to combine with Zurn Water Solutions Corporation in an all-stock transaction valued at $1.56 billion as of February 14.
Upon completion, Zurn will own approximately 71 percent and Elkay shareholders will own approximately 29 percent of the combined and newly named company – Zurn Elkay Water Solutions Corporation. The transaction is expected to close during the third quarter of 2022.
The Mayer Brown team was led by Corporate & Securities partners Paul Theiss and Jason Wagenmaker and included lawyers from the firm’s Employment & Benefits, Intellectual Property, Banking & Finance, Tax Transactions & Consulting, Public Policy, Regulatory & Political Law, Litigation & Dispute Resolution, Corporate & Securities and Real Estate Markets practices in Chicago, Washington DC, New York and Charlotte.
Upon completion, Zurn will own approximately 71 percent and Elkay shareholders will own approximately 29 percent of the combined and newly named company – Zurn Elkay Water Solutions Corporation. The transaction is expected to close during the third quarter of 2022.
The Mayer Brown team was led by Corporate & Securities partners Paul Theiss and Jason Wagenmaker and included lawyers from the firm’s Employment & Benefits, Intellectual Property, Banking & Finance, Tax Transactions & Consulting, Public Policy, Regulatory & Political Law, Litigation & Dispute Resolution, Corporate & Securities and Real Estate Markets practices in Chicago, Washington DC, New York and Charlotte.
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