M&A Deal Summary

Franklin Electric Acquires Little Giant Pump

On March 20, 2006, Franklin Electric acquired machinery company Little Giant Pump from Tecumseh Products for 121M USD

Acquisition Highlights
  • This is Franklin Electric’s 1st transaction in the Machinery sector.
  • This is Franklin Electric’s 2nd largest (disclosed) transaction.
  • This is Franklin Electric’s 2nd transaction in the United States.
  • This is Franklin Electric’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2006-03-20
Target Little Giant Pump
Sector Machinery
Buyer(s) Franklin Electric
Sellers(s) Tecumseh Products
Deal Type Divestiture
Deal Value 121M USD

Target

Little Giant Pump

Oklahoma City,, Oklahoma, United States
Little Giant pumps are used in a broad range of commercial and consumer applications including: plumbing / wastewater, heating, ventilating and cooling ("HVAC"), water gardening, swimming pool and aquarium maintenance, decorative fountains and industrial and OEM water transfer applications.

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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 2 of 27
Sector (Machinery) 1 of 9
Type (Divestiture) 1 of 2
State (Oklahoma) 1 of 1
Country (United States) 2 of 17
Year (2006) 1 of 2
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 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
2006-09-15 Healy Systems

Madison,, Wisconsin, United States

Healy Systems is a worldwide provider of Stage II Vapor Recovery Systems and Components used primarily at gasoline stations to reduce gasoline vapor emissions during vehicle refueling.

Buy $35M

Seller(S) 1

SELLER

Tecumseh Products

Ann Arbor, Michigan, United States
Category Company
Founded 1937
Sector Manufacturing
DESCRIPTION

Tecumseh Products Co. is a global manufacturer of hermetically sealed compressors for residential and specialty air conditioning, household refrigerators and freezers and commercial refrigeration applications.

DEAL STATS #
Overall 1 of 4
Sector (Machinery) 1 of 2
Type (Divestiture) 1 of 4
State (Oklahoma) 1 of 1
Country (United States) 1 of 3
Year (2006) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-27 FASCO Motors

United States

FASCO is a manufacturer in the U.S. fractional horsepower motors industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 Fasco Asia Pacific Pty

Braeside, Australia

Fasco Asia Pacific Pty Ltd.manufacture and market motors and blower systems for a variety of air moving applications including alternative fuels systems, water heaters, heating, ventilating and air conditioning (HVAC) systems and other commercial segments.

Sell $220M
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