M&A Deal Summary

Franklin Fueling Systems Acquires Flex-ing

On November 16, 2012, Franklin Fueling Systems acquired machinery company Flex-ing for 11M USD

Acquisition Highlights
  • This is Franklin Fueling Systems’ 1st transaction in the Machinery sector.
  • This is Franklin Fueling Systems’ largest (disclosed) transaction.
  • This is Franklin Fueling Systems’ 1st transaction in the United States.
  • This is Franklin Fueling Systems’ 1st transaction in Texas.

M&A Deal Summary
Date 2012-11-16
Target Flex-ing
Sector Machinery
Buyer(s) Franklin Fueling Systems
Deal Type Add-on Acquisition
Deal Value 11M USD

Target

Flex-ing

Sherman, Texas, United States
website
Flex-ing, Inc. is a designer and manufacturer of a variety of fueling equipment that is distributed through the same channels as the core product offering of Franklin Fueling Systems.

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Buyer(S) 1

Buyer

Franklin Fueling Systems

Madison, Wisconsin, United States

website

Category Company
Founded 1988
Sector Energy Services and Equipment
DESCRIPTION

Franklin Fueling Systems, is engaged in the production and marketing of systems and components for the movement of water and automotive fuels. Recognized as a technical in its specialties, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal and fueling applications.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-07 PetroTechnik

United Kingdom

PetroTechnik is the supplier of Universal Petro Pipe (UPP) and polyethylene containment, piping and tightness testing systems for the underground storage and transfer of flammable liquids. PetroTechnik also manufactures and distributes Cookson and Zinn (C & Z) above and below ground storage tanks and pressure vessels.

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