About This Deal

Watts Water Technologies acquired I-CON Systems Holdings, LLC for approximately $70.7 million (final net purchase price), a transaction completed in January 2025, structured as all cash (membership unit purchase, cash on hand).

I-CON Systems Holdings, LLC operates in Americas, is based in Oviedo, Florida, USA. Oviedo, Florida-based designer and manufacturer of intelligent plumbing controls addressing the unique challenges of water management in correctional facilities.

Watts acquired I-CON to expand its product offerings.

Deal Terms

Acquirer
Watts Water Technologies
Target
I-CON Systems Holdings, LLC
Value
Approximately $70.7 million (final net purchase price)
Date
January 2025
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Oviedo, Florida, USA
Segment
Americas
Structure
All cash (membership unit purchase, cash on hand)
Closed
January 2, 2025

In Their Words

I-CON is headquartered in Oviedo, Florida, and is a designer and manufacturer of intelligent plumbing controls, addressing the unique challenges of water management in correctional facilities.Watts Water FY2025 10-K, Acquisitions note

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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