Transaction Overview
- Hennepin Partners represented Superior Boiler on its sale to Watts Water Technologies, Inc.
- Superior Boiler is an industry leading designer and manufacturer of customized steam boilers, hot water boilers and related ancillary equipment used in commercial, institutional and industrial applications.
- Watts Water Technologies, through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world.
- Superior Boiler brings mission critical product lines and a complementary sales network that is expected to provide revenue growth through cross-selling opportunities.
Drivers of Interest
- Comprehensive line of premium, highly configurable boilers.
- Experienced engineering team that drives product customization and new product development.
- Mission critical applications across diverse, attractive end markets.
- Extensive sales network with top-tier, independent sales reps supplemented by direct sales offices.
- Deep bench of highly experienced leaders.
- Exceptional financial profile.