BLAUVELT, N.Y. — AERCO International, Inc., portfolio entity of The Riverside Company, is being acquired by Watts Water Technologies, Inc. The acquisition of AERCO is expected to close before the end of this year. The consummation of the acquisition is subject to customary closing conditions.
AERCO is a manufacturer of a wide range of high-efficiency commercial boilers and water heaters. The company is based in Blauvelt, New York, and its products are distributed primarily in North America for the commercial markets. During Riverside’s ownership period since 2007, AERCO opened a state-of-the-art manufacturing facility and R&D lab, launched an innovative line of tankless water heaters, broadened its boiler product line and revamped its sales and marketing approach and go-to-market strategy.
Watts Water Technologies, Inc., through its subsidiaries, is a manufacturer of innovative products to control the efficiency, safety and quality of water within residential, commercial and institutional applications. Watts’ expertise in a wide variety of water technologies enables them to be a comprehensive supplier to the water industry.
Watts Water Technologies, Inc. has indicated that AERCO is a platform acquisition and will continue their current operation out of Blauvelt. Utilizing AERCO’s manufacturing facility with substantial capacity for growth, Watts sees expansion opportunities that will strengthen AERCO’s solutions and system offerings.
For further information, please contact John Confrey at 845-580-8052 or email@example.com.