Zurn Elkay Water Solutions Corporation Announces Pricing of Public Offering by Selling Stockholder
Summary
The family members that Ice Mountain LLC represents have expressed their desire to continue to be a significant investor in Zurn Elkay for the long-term, with no current plans to further diversify its remaining holdings, and as such, Ice Mountain LLC has entered into a lock-up agreement for its remaining shares that expires October 31, 2026.Evercore ISI is acting as the lead joint book-running manager. BNP Paribas, Deutsche Bank Securities, Mizuho, Oppenheimer & Co., and Stifel are acting as co-managers for the offering.Zurn Elkay has filed a registration statement (including a base prospectus) on Form S-3 and a preliminary prospectus supplement with the Securities and Exchange Commission (the SEC) for the offering to which this communication relates. Alternatively, copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may be obtained by contacting Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at 888-474-0200, or by email at ecm.prospectus@evercore.com ; or Baird, 777 East Wisconsin Avenue, Milwaukee, WI 53202, Attention: Syndicate Department, Telephone: 800-792-2473, Email: syndicate@rwbaird.com.This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor does it constitute an offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale is unlawful.Named one of Americas Most Responsible Companies and one of Americas Greenest Companies by Newsweek and one of the Worlds Best Companies for Sustainable Growth by TIME , Zurn Elkay Water Solutions is headquartered in Milwaukee, WI, and is a growth-oriented, pure-play water management business that designs, procures, manufactures and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment. The statements in this release are not guarantees of future performance, and actual results could differ materially from current expectations. Please refer to Risk Factors and Cautionary Notice Regarding Forward-Looking Statements in Zurn Elkays annual report on Form 10-K for the period ended December 31, 2024, as well as Zurn Elkays subsequent annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with the Securities and Exchange Commission for a further discussion of the factors and risks associated with the business.