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Franklin Electric - M&A Summary and Business Overview

Electrical EquipmentCompany

Franklin Electric M&A Summary

Franklin Electric has acquired 30 companies, including 8 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Franklin Electric’s largest acquisition to date was in 2021, when it acquired New Aqua for $150M. Franklin Electric has acquired in 12 different US states, and 10 countries. The Company’s most targeted sectors include distribution (34%) and machinery (34%).

Franklin Electric Business Overview

Where is Franklin Electric headquartered?

Franklin Electric is headquartered in Fort Wayne, Indiana.

What is Franklin Electric’s revenue?

Franklin Electric disclosed revenue of 2,021M USD for 2024 and 2,065M USD for 2023.

How many employees does Franklin Electric have?

Franklin Electric has 6,400 employees.

What sector is Franklin Electric in?

Franklin Electric is an electrical equipment company.

When was Franklin Electric founded?

Franklin Electric was founded in 1944.

M&A Summary

  • M&A Total Activity31
    • M&A Buy Activity30
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 5

Franklin Electric

Franklin Electric Co., Inc.

9255 Coverdale Road,
Fort Wayne, Indiana 46809
United States,
(260) 824-2900
www.franklin-electric.com

Franklin Electric provides complete water systems and fueling systems. Its principal markets include clean water systems, water transfer and grey water systems, and fueling systems. Franklin serves all corners of the world with more than 14 manufacturing and distribution facilities. Franklin Electric was incorporated in 1944 and is based in Fort Wayne, Indiana.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.4/yr) # 23 3 1 - 1 2 30
vol $227M $178M $27M $432M
Sell (0.0/yr) # 1 - - - - - 1
  31
+2903030.230.430.630.83129.629.831.231.40

Most Recent M&A

Company Date Value Type
PumpEng Pty Ltd. 2025-02-20 - Add-on Acquisition
Perth, Australia · www.pumpeng.com.au
Barnes de Colombia S.A. 2025-02-14 - Add-on Acquisition
Cundinamarca, Colombia · www.barnes.com.co
LCA Pump LLC 2024-01-02 - Add-on Acquisition
Springfield, Missouri · www.waterworkspump.com
Blake Group Holdings, Inc. 2022-01-04 27M USD Add-on Acquisition
East Windsor, Connecticut · www.blakeequip.com
New Aqua LLC 2021-05-17 150M USD Add-on Acquisition
Avon, Indiana · www.ilovemywater.com
Puronics, Inc. 2021-04-01 - Add-on Acquisition
Livermore, California · www.puronics.com
Gicon Pumps & Equipment, Inc. 2021-01-04 28M USD Add-on Acquisition
Lubbock, Texas · www.giconpumps.net
Waterite, Inc. 2020-11-02 - Add-on Acquisition
Winnipeg, Manitoba · www.waterite.com
First Sales LLC 2019-08-01 - Add-on Acquisition
Churubusco, Indiana · www.firstsales.org
Milan Supply Co. 2019-01-02 6M USD Add-on Acquisition
Mount Pleasant, Michigan · www.milansupply.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 10 (33%) 44M (10%) - -
Machinery 10 (33%) 186M (43%) - -
Manufacturing 5 (17%) - - -
Electrical Equipment 3 (10%) 26M (6%) 1 (100%) -
Beverages 1 (3%) 150M (35%) - -
Business Services 1 (3%) 27M (6%) - -
Total 30 $432M 1 -

By Geo

State/Country Buy Value Sell Value
United States 18 402M 1 -
  California 3 - - -
  Oregon 3 26M - -
  Indiana 2 150M 1 -
  Michigan 2 15M - -
  Illinois 1 - - -
  Connecticut 1 27M - -
  Wisconsin 1 35M - -
  Texas 1 28M - -
  Oklahoma 1 121M - -
  North Carolina 1 - - -
  Montana 1 - - -
  Missouri 1 - - -
Brazil 2 19M - -
Canada 2 - - -
  Manitoba 2 - - -
India 2 12M - -
Argentina 1 - - -
Australia 1 - - -
Colombia 1 - - -
Italy 1 - - -
South Africa 1 - - -
Turkey 1 - - -
Domestic 18 (60%) 402M (93%) 1 (100%) -
Cross-border 12 (40%) 31M (7%) - -
Total 30 $432M 1 -

Deal Values

buy # Total
$100M to $1B 2 $271M
< $100M 9 $161M
TOTAL $432M
Largest New Aqua LLC
$150M (2021-05-17)

M&A Connections

Deals
Acquired from
Investor(s)
3%
1 (3%)
Strategic(s)
7%
2 (7%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Electrical Equipment

Revenue

2,021   3% 2024
2,065   2% 2023
2,044   23% 2022
1,662   34% 2021
1,247   6% 2020
1,315   2% 2019
1,298   16% 2018
1,125   22% 2017
950   10% 2016
1,048   2015
965   9% 2013
891   2012
(millions of USD) Show More Show Less

Employees

6,400

Established

1944

Public

NASDAQ: FELE

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