# Helios Technologies to acquire Balboa Water Group for $218.5M

Helios Technologies entered a definitive agreement to acquire BWG Holdings I Corp. (operating as Balboa Water Group) for $218.5 million from AEA Investors LP, expected to close in Q4 2020.

- Type: Acquisition
- Announced: 2020-10-12
- Where: Costa Mesa, California, United States
- Value: $218.5M
- Status: announced
- Products: electronic controls for health and wellness industry, therapy bath and spa controls
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [AEA Investors](https://endata.com/companies/469.md) (investor)
- [Helios Technologies](https://endata.com/companies/5180.md) (acquirer)
- [Balboa Water Group](https://endata.com/companies/50465.md) (target)

## Sources

- [heliostechnologies.com](https://www.heliostechnologies.com/investors/news-events/press-releases/detail/177/helios-technologies-signs-definitive-agreement-to-acquire), 2020-10-12: "With this acquisition, we are further advancing our Vision 2025 strategy by executing on the value streams focused on product and technology expansion and market diversification."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.