{"id":982711,"date":"2026-07-20T07:48:47","date_gmt":"2026-07-20T11:48:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/"},"modified":"2026-07-20T07:48:47","modified_gmt":"2026-07-20T11:48:47","slug":"zurn-elkay-water-solutions-corporation-to-acquire-intellihot","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/","title":{"rendered":"Zurn Elkay Water Solutions Corporation to Acquire Intellihot"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Zurn Elkay Water Solutions Corporation to Acquire Intellihot<\/b><\/p>\n<p class=\"bwalignc\"><i>Entering the High Efficiency Water Heating Market<\/i><\/p>\n<p>MILWAUKEE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nZurn Elkay Water Solutions Corporation (NYSE: ZWS) today announced it has signed an agreement to acquire Intellihot, Inc., a privately-held leader in tankless water heater solutions serving the healthcare, education, hospitality and commercial end markets.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260720021781\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260720021781\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260720021781\/en\/2854939\/4\/2026.07.20_Zurn_Elkay_Logo_-_Intellihot.jpg\" alt=\"\u201cWe are excited about Intellihot, an earlier-stage technology disruptor in the tankless water heating market for commercial and institutional applications,\u201d said Todd A. Adams, Chairman and CEO of Zurn Elkay. \u201cThis transaction will be a strong initial step into an adjacent category where building owners demand integrated solutions from partners like Zurn Elkay and Intellihot that they know and trust. A combination with Intellihot, which we have cultivated for years, will further our long-term growth strategy and will bring an established presence in the water heating end market.&quot;\" \/><\/p>\n<p style=\"font-size:85%\">\u201cWe are excited about Intellihot, an earlier-stage technology disruptor in the tankless water heating market for commercial and institutional applications,\u201d said Todd A. Adams, Chairman and CEO of Zurn Elkay. \u201cThis transaction will be a strong initial step into an adjacent category where building owners demand integrated solutions from partners like Zurn Elkay and Intellihot that they know and trust. A combination with Intellihot, which we have cultivated for years, will further our long-term growth strategy and will bring an established presence in the water heating end market.&#8221;<\/p>\n<\/div>\n<p>\n\u201cWe are excited about Intellihot, an earlier-stage technology disruptor in the tankless water heating market for commercial and institutional applications,\u201d said <b>Todd A. Adams<\/b>, Chairman and CEO of Zurn Elkay. \u201cThis transaction will be a strong initial step into an adjacent category where building owners demand integrated solutions from partners like Zurn Elkay and Intellihot that they know and trust. A combination with Intellihot, which we have cultivated for years, will further our long-term growth strategy and will bring an established presence in the water heating end market.<\/p>\n<p>\n\u201cAs we\u2019ve historically done both organically and through acquisition, we\u2019ve identified a category in which we believe we can establish a meaningful presence and share that has many of the same attributes of our existing business: a specifiable solution in a growing market, part of an industry with longer-term regulatory tailwinds, sold through distribution and our independent third-party rep network, with products that have a real sustainable impact on our customers,\u201d said Adams. \u201cOur balance sheet, leverage, liquidity and cash flow generation remain strong, as do our M&amp;A and innovation funnels, all of which puts us in a great spot as we continue to pursue opportunities for growth both organically and inorganically.\u201d<\/p>\n<p>\nIntellihot offers gas and electric tankless water heaters with market-leading energy efficiency and cost savings compared to traditional tanked water heaters. Intellihot\u2019s net sales are expected to be approximately $37 million in 2026. The transaction is expected to close early in the third quarter.<\/p>\n<p><b>Second-Quarter Results:<\/b><\/p>\n<p>\n\u201cWe see our second quarter results ahead of the outlook range we provided earlier in the quarter,\u201d said Adams. \u201cWe will provide further details on the quarter and our outlook during an earnings call scheduled for Wednesday, July 29, 2026.\u201d<\/p>\n<p><b>About Zurn Elkay Water Solutions<\/b><\/p>\n<p>\nNamed one of the World\u2019s Greenest Companies and one of America\u2019s Most Responsible Companies by <i>Newsweek <\/i>and one of the World\u2019s Best Companies for Sustainable Growth by <i>TIME<\/i>, Zurn Elkay Water Solutions is headquartered in Milwaukee, Wisconsin, and is a growth-oriented, pure-play water management business that designs, procures, manufactures and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment. The Zurn Elkay product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products and filtered drinking water products for public and private spaces. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ZurnElkay.com&amp;esheet=54573356&amp;newsitemid=20260720021781&amp;lan=en-US&amp;anchor=www.ZurnElkay.com&amp;index=1&amp;md5=61ff2c895a30ce48aaa5b00f70d32ff6\">www.ZurnElkay.com<\/a>.<\/p>\n<p><b>Cautionary Statement on Forward-Looking Statements<\/b><\/p>\n<p>\nInformation in this release may involve outlook, expectations, beliefs, plans, intentions, strategies or other statements regarding the future, which are forward-looking statements. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based on information available to Zurn Elkay Water Solutions as of the date of this release, and Zurn Elkay Water Solutions assumes no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance, and actual results could differ materially from current expectations. Numerous factors could cause or contribute to such differences. Please refer to \u201cRisk Factors\u201d and \u201cCautionary Notice Regarding Forward-Looking Statements\u201d in our report on Form 10-K for the period ended December 31, 2025, as well as the Company\u2019s subsequent annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with the Securities and Exchange Commission for a further discussion of the factors and risks associated with the business.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260720021781r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260720021781\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260720021781\/en\/<\/a><\/span><\/p>\n<p>\nMedia Contact:<br \/>\n<br \/><b>Angela Hersil<\/b>, VP &#8211; Marketing &amp; Communications, Public Affairs and Sustainability<br \/>\n<br \/>855-480-5050 or 414-808-0199, <a rel=\"nofollow\" href=\"mailto:corporate.communications@zurnelkay.com\">corporate.communications@zurnelkay.com<\/a><\/p>\n<p>\nInvestor Contact:<br \/>\n<br \/><b>Bobbi Belstner<\/b>, VP &#8211; Corporate Controller<br \/>\n<br \/>414-361-0122<\/p>\n<p><b>KEYWORDS:<\/b> Wisconsin United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Other Retail Other Construction &amp; Property Commercial Building &amp; Real Estate Specialty Construction &amp; Property Building Systems<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260720021781\/en\/2854939\/3\/2026.07.20_Zurn_Elkay_Logo_-_Intellihot.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">\u201cWe are excited about Intellihot, an earlier-stage technology disruptor in the tankless water heating market for commercial and institutional applications,\u201d said Todd A. Adams, Chairman and CEO of Zurn Elkay. \u201cThis transaction will be a strong initial step into an adjacent category where building owners demand integrated solutions from partners like Zurn Elkay and Intellihot that they know and trust. A combination with Intellihot, which we have cultivated for years, will further our long-term growth strategy and will bring an established presence in the water heating end market.&#8221;<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260720021781\/en\/2854940\/3\/2026.07.20_Zurn_Elkay_Image_-_Todd_A._Adams.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">\u201cAs we\u2019ve historically done both organically and through acquisition, we\u2019ve identified a category in which we believe we can establish a meaningful presence and share that has many of the same attributes of our existing business: a specifiable solution in a growing market, part of an industry with longer-term regulatory tailwinds, sold through distribution and our independent third-party rep network, with products that have a real sustainable impact on our customers,\u201d said Todd A. Adams, Chairman and CEO of Zurn Elkay. \u201cOur balance sheet, leverage, liquidity and cash flow generation remain strong, as do our M&amp;A and innovation funnels, all of which puts us in a great spot as we continue to pursue opportunities for growth both organically and inorganically.\u201d<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260720021781\/en\/2854938\/3\/Zurn_Elkay_Logo_FullColor.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Zurn Elkay Water Solutions Corporation to Acquire Intellihot Entering the High Efficiency Water Heating Market MILWAUKEE&#8211;(BUSINESS WIRE)&#8211; Zurn Elkay Water Solutions Corporation (NYSE: ZWS) today announced it has signed an agreement to acquire Intellihot, Inc., a privately-held leader in tankless water heater solutions serving the healthcare, education, hospitality and commercial end markets. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260720021781\/en\/ \u201cWe are excited about Intellihot, an earlier-stage technology disruptor in the tankless water heating market for commercial and institutional applications,\u201d said Todd A. Adams, Chairman and CEO of Zurn Elkay. \u201cThis transaction will be a strong initial step into an adjacent category where building owners demand integrated solutions from partners like Zurn Elkay and Intellihot that they &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Zurn Elkay Water Solutions Corporation to Acquire Intellihot&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-982711","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zurn Elkay Water Solutions Corporation to Acquire Intellihot - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zurn Elkay Water Solutions Corporation to Acquire Intellihot - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Zurn Elkay Water Solutions Corporation to Acquire Intellihot Entering the High Efficiency Water Heating Market MILWAUKEE&#8211;(BUSINESS WIRE)&#8211; Zurn Elkay Water Solutions Corporation (NYSE: ZWS) today announced it has signed an agreement to acquire Intellihot, Inc., a privately-held leader in tankless water heater solutions serving the healthcare, education, hospitality and commercial end markets. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260720021781\/en\/ \u201cWe are excited about Intellihot, an earlier-stage technology disruptor in the tankless water heating market for commercial and institutional applications,\u201d said Todd A. Adams, Chairman and CEO of Zurn Elkay. \u201cThis transaction will be a strong initial step into an adjacent category where building owners demand integrated solutions from partners like Zurn Elkay and Intellihot that they &hellip; Continue reading &quot;Zurn Elkay Water Solutions Corporation to Acquire Intellihot&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-20T11:48:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20260720021781\/en\/2854939\/4\/2026.07.20_Zurn_Elkay_Logo_-_Intellihot.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Zurn Elkay Water Solutions Corporation to Acquire Intellihot\",\"datePublished\":\"2026-07-20T11:48:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\\\/\"},\"wordCount\":1025,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20260720021781\\\/en\\\/2854939\\\/4\\\/2026.07.20_Zurn_Elkay_Logo_-_Intellihot.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\\\/\",\"name\":\"Zurn Elkay Water Solutions Corporation to Acquire Intellihot - 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260720021781\/en\/ \u201cWe are excited about Intellihot, an earlier-stage technology disruptor in the tankless water heating market for commercial and institutional applications,\u201d said Todd A. Adams, Chairman and CEO of Zurn Elkay. \u201cThis transaction will be a strong initial step into an adjacent category where building owners demand integrated solutions from partners like Zurn Elkay and Intellihot that they &hellip; Continue reading \"Zurn Elkay Water Solutions Corporation to Acquire Intellihot\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/","og_site_name":"Market Newsdesk","article_published_time":"2026-07-20T11:48:47+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20260720021781\/en\/2854939\/4\/2026.07.20_Zurn_Elkay_Logo_-_Intellihot.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Zurn Elkay Water Solutions Corporation to Acquire Intellihot","datePublished":"2026-07-20T11:48:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/"},"wordCount":1025,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20260720021781\/en\/2854939\/4\/2026.07.20_Zurn_Elkay_Logo_-_Intellihot.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/zurn-elkay-water-solutions-corporation-to-acquire-intellihot\/","name":"Zurn Elkay Water Solutions Corporation to Acquire Intellihot - 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