Franklin Electric Acquires Cat Pumps for Up to $400 Million
Franklin Electric has acquired high-pressure pump manufacturer Cat Pumps for an initial cash payment of $350 million, with the potential for an additional earnout of up to $50 million. The deal is expected to strengthen Franklin's position in commercial and industrial flow-control markets by adding Cat Pumps' specialized product line. The acquisition aligns with Franklin Electric’s strategy to expand its market reach through strategic acquisitions that complement existing capabilities. By integrating Cat Pumps, the company aims to enhance its offerings for customers across a broader range of applications within the pump industry.
Tickers: $FELE
Topics: Industrial Equipment M&A