Zurn Water Solutions

Zurn Water Solutions

Zurn Water Solutions traces its origins to 1900, though its current architecture is the product of a 2022 spin-off from Rexnord's Water Management Division and a merger with Elkay Manufacturing. That combination folded the Katz family's century-old sink-and-fountain business into a single balance sheet, creating an entity that supplies engineered water products to commercial, municipal, and institutional buyers. The Katz family retains a significant minority stake, and Ronald C. Katz, former Elkay chairman, serves as a director. The firm itself operates from Milwaukee, Wisconsin, with additional commercial and industrial facilities in Oak Brook, Illinois, Erie, Pennsylvania, and Paso Robles, California. The company deploys capital into its own physical plant and product lines rather than third-party funds. Its asset base is tangible: manufacturing sites in Erie and Paso Robles produce the brass valves, fixtures, and drinking fountains that serve as the firm's core inventory. Geographic coverage is primarily the United States, with distribution extending into Canadian commercial construction supply chains. On the product side, the portfolio addresses drinking water delivery, hygiene infrastructure, and sustainable water management—spanning sensor faucets, bottle fillers, backflow preventers, and drainage systems. The firm participates in industry consortia like The Water Council and the Alliance for Water Stewardship, aligning its commercial output with municipal water-efficiency standards. Todd A. Adams, Chairman and CEO, steers the business from the headquarters at 511 W. Freshwater Way in Milwaukee alongside a board that includes representatives of the founding Elkay family. Revenue and deployment figures remain tied to public financial reporting rather than a private pool of patient capital, and the firm operates a modest corporate aviation asset to connect its dispersed manufacturing and commercial sites. A related philanthropic vehicle, the Zurn Foundation Inc., provides a conduit for charitable giving but remains separate from the commercial balance sheet. The structural reality is that Zurn is an industrial manufacturer with a public shareholder base, not a capital allocator in the institutional sense. It does not evaluate GPs, make fund commitments, or manage outside capital. Its investment posture is wholly internal: it deploys operating cash flow into production capacity and new product engineering within the narrow domain of commercial water solutions. For an institutional allocator, the firm is a potential supplier to portfolio real assets—schools, hospitals, stadiums—not a co-investment partner.