M&A Deal Summary

Franklin Electric Acquires Cerus Industrial

On August 9, 2012, Franklin Electric acquired electrical equipment company Cerus Industrial for 26M USD

Acquisition Highlights
  • This is Franklin Electric’s 1st transaction in the Electrical Equipment sector.
  • This is Franklin Electric’s 6th largest (disclosed) transaction.
  • This is Franklin Electric’s 6th transaction in the United States.
  • This is Franklin Electric’s 3rd transaction in Oregon.

M&A Deal Summary
Date 2012-08-09
Target Cerus Industrial
Sector Electrical Equipment
Buyer(s) Franklin Electric
Deal Type Add-on Acquisition
Deal Value 26M USD

Target

Cerus Industrial

Hillsboro, Oregon, United States
Cerus designs, manufactures, and distributes motor controls, motor starters, contactors, protection devices, and variable frequency drives to a wide range of distributor and original equipment manufacturers in North America who serve three primary markets: HVAC, industrial motor sales and service, and pumping systems.

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Buyer(S) 1

Buyer

Franklin Electric

Fort Wayne, Indiana, United States
Category Company
Founded 1944
Sector Electrical Equipment
Employees6,400
Revenue 2.1B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 11 of 27
Sector (Electrical Equipment) 1 of 3
Type (Add-on Acquisition) 6 of 19
State (Oregon) 3 of 3
Country (United States) 6 of 17
Year (2012) 2 of 2
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-07 Pioneer Pump Holdings

Canby, Oregon, United States

Pioneer is a manufacturer of large, engine-driven centrifugal pumps used for dewatering in oil and gas, municipal, construction and mining applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 Bombas Leão S/A

Monte Azul Paulista, Brazil

Bombas Leão designs, manufactures, and distributes submersible groundwater pumping equipment principally used in agriculture, industrial and municipal applications,through manufacturing facilities in Monte Azul Paulista, Teresina and a distribution facility in Recife.

Buy R$67M
Mergr

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