Franklin Electric Mergers and Acquisitions Summary

Electrical EquipmentCompany

Franklin Electric has acquired 27 companies, including 13 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 11 different US states, and 8 countries. The Company’s most targeted sectors include machinery (34%) and distribution (30%).

Join Mergr and gain access to Franklin Electric’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the electrical equipment sector.

M&A Summary

  • M&A Total Activity28
    • M&A Buy Activity27
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 8
  • 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 is a provider of complete water systems and fueling systems. Franklin Electric's 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 ≤ '17 '18 '19 '20 '21 '22 T
Buy (2.0/yr) # 17 3 2 1 3 1 27
vol $212M $9M $6M $178M $27M $432M
Sell (0.0/yr) # 1 - - - - - 1
  28

Most Recent M&A

Company Date Value Type
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
Industrias Rotor Pump S.A 2018-07-03 - Add-on Acquisition
Buenos Aires, Argentina · www.rotorpump.com
Midtronics, Inc. - Stationary Power Division 2018-07-02 - Divestiture
Willowbrook, Illinois
Valley Farms Supply, Inc. 2018-01-03 9M USD Add-on Acquisition
Lansing, Michigan · www.valleyfarmssupply.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 9 (33%) 186M (43%) - -
Distribution 8 (30%) 44M (10%) - -
Manufacturing 5 (19%) - - -
Electrical Equipment 3 (11%) 26M (6%) 1 (100%) -
Beverages 1 (4%) 150M (35%) - -
Business Services 1 (4%) 27M (6%) - -
Total 27 $432M 1 -

By Geo

State/Country Buy Value Sell Value
United States 17 402M 1 -
  California 3 - - -
  Oregon 3 26M - -
  Indiana 2 150M 1 -
  Michigan 2 15M - -
  Wisconsin 1 35M - -
  Texas 1 28M - -
  Oklahoma 1 121M - -
  North Carolina 1 - - -
  Montana 1 - - -
  Illinois 1 - - -
  Connecticut 1 27M - -
Brazil 2 19M - -
Canada 2 - - -
  Manitoba 2 - - -
India 2 12M - -
Argentina 1 - - -
Italy 1 - - -
South Africa 1 - - -
Turkey 1 - - -
Domestic 17 (63%) 402M (93%) 1 (100%) -
Cross-border 10 (37%) 31M (7%) - -
Total 27 $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)
4%
1 (4%)
Strategic(s)
7%
2 (7%)
Divested to
Investor(s)
100%
1 (100%)

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