Pentair to Acquire Hydra-Stop
The valve manufacturer is being purchased for $290 million.
#water-wastewater
Pentair plc, a $17.2 billion market cap water solutions company announced it has entered into a definitive agreement to acquire Hydra-Stop LLC, a specialty valve solutions provider, for approximately $290 million in cash from Madison Industries.
The net transaction value is approximately $240 million after accounting for expected tax benefits of around $50 million, according to a press release statement from the water solutions company.
Illinois-based Hydra-Stop manufactures insertion valves and line stop equipment that allow water utilities to repair specific sections of water pipes without shutting down larger portions of water systems. The company employs more than 50 team members and generates approximately 99% of its sales in the United States.
“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,” said De’Mon Wiggins, executive vice president and president of Pentair Flow.
Upon completion, Hydra-Stop will operate within Pentair’s Commercial and Infrastructure business unit of its Flow business segment. The acquisition is expected to close by the end of 2025, subject to customary closing conditions and regulatory approvals.
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