M&A Deal Summary

Franklin Electric Acquires First Sales

On August 1, 2019, Franklin Electric acquired manufacturer First Sales

Acquisition Highlights
  • This is Franklin Electric’s 5th transaction in the Manufacturing sector.
  • This is Franklin Electric’s 13th transaction in the United States.
  • This is Franklin Electric’s 1st transaction in Indiana.

M&A Deal Summary
Date 2019-08-01
Target First Sales
Sector Manufacturing
Buyer(s) Franklin Electric
Deal Type Add-on Acquisition

Target

First Sales

Churubusco, Indiana, United States
First Sales LLC is a manufacturer of water treatment and filtration equipment for the residential and commercial markets. First Sales designs, manufactures and distributes its products under the Sterling Water Treatment and Avid Water Systems brand names, primarily for customers in the United States. First Sales LLC is based in Churubusco, Indiana.

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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 22 of 27
Sector (Manufacturing) 5 of 5
Type (Add-on Acquisition) 14 of 19
State (Indiana) 1 of 2
Country (United States) 13 of 17
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Milan Supply

Mount Pleasant, Michigan, United States

Milan Supply Co. is a groundwater distributor operating six locations in the State of Michigan. Milan Supply Co. was founded in 1962 and is based in Mount Pleasant, Michigan.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Waterite

Winnipeg, Manitoba, Canada

Waterite, Inc. is a hybrid manufacturing and distribution company that specializes in products for the water treatment, conditioning, and purification industry. Its national Canadian network of distributor and water quality specialists supply the residential, industrial, institutional, and municipal markets. Waterite was founded in 2000 and is based in Winnipeg, Manitoba.

Buy -
Mergr

Product

Company

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