Watts Water Technologies acquired PVI Riverside Holdings, Inc. (PVI Industries), a transaction completed in November 2016, structured as all cash (100% of shares).
PVI Riverside Holdings, Inc. (PVI Industries) operates in Americas, is based in United States. Manufacturer of commercial water heaters; Watts acquired 100% of the shares, extending its commercial hot-water platform.
PVI's water heater product offering complements AERCO's boiler products, allowing Watts to address customers' total heating and hot water requirements.
Advisory firms were not disclosed for this transaction.