Add-on Acquisition • Distribution

Franklin Electric Acquires Milan Supply Co.

On January 2, 2019, Franklin Electric acquired distribution company Milan Supply Co. for 6M USD

Acquisition Context
  • This is Franklin Electric’s 6th transaction in the Distribution sector.
  • This is Franklin Electric’s 10th largest (disclosed) transaction.
  • This is Franklin Electric’s 12th transaction in the United States.
  • This is Franklin Electric’s 2nd transaction in Michigan.

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M&A Deal Summary

Date January 2, 2019
Target Milan Supply Co.
Sector Distribution
Buyer(s) Franklin Electric
Deal Type Add-on Acquisition
Deal Value 6M USD

Target Company

Milan Supply Co.

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.
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Buyer Overview 1

Buyer

Franklin Electric

Fort Wayne, Indiana, United States

Category Company
Founded 1944
Sector Electrical Equipment
Employees6,400
Revenue 2.0B USD (2024)
DESCRIPTION

Franklin Electric provides complete water systems and fueling systems. Its 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 Context for Buyer #
Overall 21 of 30
Sector: Distribution 6 of 10
Type: Add-on Acquisition 13 of 22
State: Michigan 2 of 2
Country: United States 12 of 18
Year: 2019 1 of 2
Size (of disclosed) 10 of 11
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 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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