PE Loses Out to Strategics in Water Deal
M&A, in the third quarter, is shaping up to be as tough as 2009, according to a story in the Wall Street Journal. One deal is showing how PE firms continue to be outbid by cash-rich strategics. In early September, ITT Corp. closed its buy of YSI (the deal was announced in July). Yellow Springs, Ohio-based YSI develops and makes sensors, instruments, software and data collection platforms used for environmental water monitoring. The company has about $300 million in annual revenue.
26 September 2011•2 mins read
