Subsequent Event

12 Months Ended

Mar. 31, 2019

Subsequent Events [Abstract]

Subsequent Event

Subsequent Event

On May 10, 2019, the Company acquired substantially all of the assets of East Creek Corporation (d/b/a StainlessDrains.com) for a total preliminary cash purchase price of $24.8 million, excluding transaction costs and net of cash acquired. The preliminary purchase price is subject to customary post-closing adjustments for variances between estimated asset and liability targets and actual acquisition date net assets acquired. The acquisition of the StainlessDrains.com business, which manufactures stainless steel drains, grates and accessories for industrial and commercial end markets, complements the Company's existing Water Management platform. The Company's financial position and results from operations will include StainlessDrains.com subsequent to May 10, 2019. As of the date of this filing, the Company has not completed the preliminary allocation of the purchase price to the assets acquired and liabilities assumed. This acquisition is not expected to have a material impact on the Company's consolidated financial statements.