M&A Deal Summary

Franklin Electric Acquires Waterite

On November 2, 2020, Franklin Electric acquired distribution company Waterite

Acquisition Highlights
  • This is Franklin Electric’s 7th transaction in the Distribution sector.
  • This is Franklin Electric’s 2nd transaction in Canada.
  • This is Franklin Electric’s 2nd transaction in Manitoba.

M&A Deal Summary
Date 2020-11-02
Target Waterite
Sector Distribution
Buyer(s) Franklin Electric
Deal Type Add-on Acquisition

Target

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.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 23 of 27
Sector (Distribution) 7 of 8
Type (Add-on Acquisition) 15 of 19
State (Manitoba) 2 of 2
Country (Canada) 2 of 2
Year (2020) 1 of 1
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Gicon Pumps & Equipment

Lubbock, Texas, United States

Gicon Pumps & Equipment, Inc. is a professional groundwater distributor operating seven locations in the state of Texas. Gicon Pumps & Equipment was founded in 1978 and is based in Lubbock, Texas.

Buy $28M
Mergr

Product

Company

Legal