M&A Deal Summary

Franklin Electric Acquires Midtronics - Stationary Power Division

On July 2, 2018, Franklin Electric acquired electrical equipment company Midtronics - Stationary Power Division from Midtronics

Acquisition Highlights
  • This is Franklin Electric’s 2nd transaction in the Electrical Equipment sector.
  • This is Franklin Electric’s 11th transaction in the United States.
  • This is Franklin Electric’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-07-02
Target Midtronics - Stationary Power Division
Sector Electrical Equipment
Buyer(s) Franklin Electric
Sellers(s) Midtronics
Deal Type Divestiture

Target

Midtronics - Stationary Power Division

Willowbrook, Illinois, United States
Midtronics, Inc. - Stationary Power Division includes Grid Solutions business in Illinois.

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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 19 of 27
Sector (Electrical Equipment) 2 of 3
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 11 of 17
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Valley Farms Supply

Lansing, Michigan, United States

Valley Farms Supply, Inc. is a professional groundwater distributor operating three locations in the State of Michigan and one in the State of Indiana.

Buy $9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Industrias Rotor Pump S.A

Buenos Aires, Argentina

Industrias Rotor Pump S.A is an importer, manufacturer, and distributor of of water pumping equipment for sale to distributors and other resellers in the Argentine market place. Industrias Rotor Pump is based in Buenos Aires, Argentina.

Buy -

Seller(S) 1

SELLER

Midtronics

Willowbrook, Illinois, United States
Category Company
Sector Electronics
DESCRIPTION

Midtronics, Inc. Serving the Transportation and Stationary Power Battery Markets. Midtronics focused entirely on Battery Management Innovation, Midtronics is committed to using our patented technologies to satisfy our many customers.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
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