Veralto to Acquire Cleanwater1 for $465M, Expanding Water Treatment Platform
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Veralto (NYSE: VLTO) has agreed to acquire Cleanwater1 for $465 million , expanding its water treatment portfolio into chlorine disinfection, solids management and odor filtration while adding an installed base of approximately 25,000 units that could support increased recurring aftermarket revenue. The Waltham, Massachusetts-based water and product quality technology company expects the transaction to close in the fourth quarter of 2026, subject to customary closing conditions and adjustments. After estimated tax benefits, Veralto puts the net purchase price at approximately $452 million. Cleanwater1 generated approximately $135 million in sales during the 12 months ended June 30, with about 25% coming from aftermarket sales. Based on the net purchase price and Cleanwater1's adjusted EBITDA for that period, Veralto is paying approximately 17 times trailing adjusted EBITDA, excluding anticipated revenue and cost synergies and one-time integration expenses. The acquisition strengthens Veralto's Water Quality segment with technologies used across municipal drinking water, wastewater and industrial applications. Cleanwater1 specializes in on-site hypochlorite disinfection, solids management and odor filtration, providing systems that support daily treatment operations and regulatory compliance. For Veralto, the strategic value extends beyond Cleanwater1's current revenue base...
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