Rainmaker as placement agent for sale of Intellihot to Zurn Elkay
Rainmaker securities and its Lab-137 affiliate are pleased to announce that its client Intellihot Inc was acquired by Zurn Elkay (NYSE: ZWS). Intellihot is a Galesburg, IL-based manufacturer of high-efficiency tankless water heating and heat pump solutions. Headquartered in Milwaukee, WI, Zurn Elkay supplies clean water solutions for drinking water, hygiene and sustainable water management. Rainmaker served as placement agent for the transaction. Details can be found on the Zurn and Intellihot websites.