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.