A. O. Smith Corporation acquired Water-Right, Inc. (including Mineral-Right, Inc.) for $107 million in cash (subject to customary adjustments), a transaction completed in April 2019, structured as all cash.
Water-Right, Inc. (including Mineral-Right, Inc.) operates in North America Water Treatment, is based in Appleton, Wisconsin, USA. A. O. Smith acquired family-owned Water-Right, Inc. of Appleton, Wisconsin — including all subsidiaries, real estate and sister company Mineral-Right, Inc. — for $107 million in cash. Water-Right is a water-quality solutions provider with residential and commercial products (brands including Evolve, WaterCare, Sanitizer Series, Impression Series and CustomCare), a retail arm (Water-Right Services) and a state-certified lab (Clean Water Testing).
Supports A. O. Smith's water-treatment growth and lets it expand beyond direct-to-consumer and retail into the wholesale and independent water-quality dealer channels using Water-Right's capabilities.
North America segment
The acquisition of Water-Right squarely supports A. O. Smith’s growth trajectory in water treatment and enables A. O. Smith to expand beyond its strong presence in the direct-to-consumer and retail spaces with Water-Right’s capabilities in the wholesale and independent water quality dealer channels.Kevin J. Wheeler, President and Chief Executive Officer, A. O. Smith Corporation
Advisory firms were not disclosed for this transaction.