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.
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
Advisory firms were not disclosed for this transaction.