Expanding market capabilities, Zurn Elkay to acquire tankless water heater maker Intellihot

Zurn Elkay Water Solutions Corporation (ZWS) has signed an agreement to acquire Intellihot, Inc., a privately held maker of tankless water heater solutions serving the healthcare, education, hospitality, and commercial markets.

Intellihot offers gas and electric tankless water heaters and is expected to generate approximately $37 million in net sales in 2026. The transaction is expected to close early in the third quarter.

“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,” said Todd A. Adams, Chairman and CEO of Zurn Elkay.

Adams also noted that second-quarter results are expected to come in ahead of the outlook range provided earlier in the quarter, with further details to be disclosed during an earnings call scheduled for July 29, 2026.