---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-021654"
form_type: "8-K"
ticker: "ZWS"
cik: "0001439288"
company_name: "Zurn Elkay Water Solutions Corp"
filed_at: "2022-02-14T23:59:59+00:00"
generated_at: "2026-06-27T08:21:22.831910+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Zurn Water Solutions to acquire Elkay Manufacturing in all-stock deal valued at $1.56B

## Summary
- Zurn to issue up to 52.5M shares for 100% of Elkay; Elkay holders to own ~29% of combined company.
- Transaction valued at ~$1.56B based on Zurn's Feb. 11 close; implies 14.2x 2022E Adj. EBITDA (9.8x with synergies).
- Expected $50M in run-rate cost synergies by 2025; ~$25M in year one via procurement and cross-marketing.
- Combined company renamed Zurn Elkay Water Solutions Corporation; Todd Adams remains CEO; two Elkay directors added.
- Zurn Board plans to increase quarterly dividend to $0.07/share after close; closing expected in Q3 2022.

## SEC filing metadata
- accession: 0001104659-22-021654
- form_type: 8-K
- ticker: ZWS
- cik: 0001439288
- company_name: Zurn Elkay Water Solutions Corp
- filed_at: 2022-02-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1439288/000110465922021654/0001104659-22-021654-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1439288/000110465922021654/tm226396d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-021654
- JSON: https://secwatch.observer/filing/0001104659-22-021654.json
- Plain text: https://secwatch.observer/filing/0001104659-22-021654.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.