Milwaukee, Wisconsin — Zurn Elkay Water Solutions Corporation has signed an agreement to acquire Intellihot, a provider of tankless water heater solutions.
“We are excited about Intellihot, an earlier-stage technology disruptor in the tankless water heating market for commercial and institutional applications,” said Todd A. Adams, chairman and CEO of Zurn Elkay.
As stated in the press release, “Intellihot offers gas and electric tankless water heaters with market-leading energy efficiency and cost savings compared to traditional tanked water heaters.” The press release adds that Intellihot’s net sales are expected to be approximately $37 million in 2026.
“This 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,” said Adams.
This transaction is expected to close early in the third quarter.