Pentair Acquires Taco Group for $1.4 Billion to Fuel Growth
Water treatment company Pentair announced the acquisition of Taco Group for $1.4 billion, aiming to boost growth in high-potential markets such as energy efficiency and HVAC systems. The deal is expected to close by Q4 2026 after regulatory approval and will add approximately $540 million in annual revenue from Taco's operations. During its second-quarter earnings call, Pentair acknowledged a challenging period marked by declining pool segment sales due to inventory destocking and tariffs but expressed confidence in long-term recovery. The acquisition is projected to generate around $30 million in cost synergies over the next few years through economies of scale. Despite core sales falling 17% year-over-year, Pentair remains focused on strategic investments for future growth. The company also revealed that its interim CFO, Bob Fishman, has temporarily taken charge after Nicholas Brazis resigned to join Southwire as CFO.
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