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Announced

Completed

Franklin Electric completed the acquisition of Puronics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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water treatment

Majority

Domestic

Single Bidder

United States

Acquisition

Water

Completed

Friendly

Private

Synopsis

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Franklin Electric, a manufacturer and distributor of products and systems, completed the acquisition of Puronics, a residential and commercial water treatment products and services provider. Financial terms were not disclosed. "We have identified water treatment as a strategic adjacency to our leading ground water pumping position globally. We are pleased to add Puronics’ strong market presence, quality focus and customer-service oriented approach to our water treatment businesses. Puronics has a rich 70-year history as a leading provider of premium residential and commercial water treatment systems, and the acquisition will expand our channel, product, and geographic offerings in the United States," Don Kenney, Franklin Electric President.

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