Franklin Electric Co., Inc. acquired B&R Industries, Inc. for $16.3 million.
February 24, 2022
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Franklin Electric Co., Inc. (NasdaqGS:FELE) acquired B&R Industries, Inc. for $16.3 million during the fourth quarter ended December 31, 2021. Under the transaction, Franklin Electric acquired 100% of B&R Industries in cash after purchase price adjustments based on the level of working capital acquired. In a related but separate transaction, Franklin Electric acquired Blake Group Holdings, Inc. for $28.6 million. B&R will be included as part of the Water Systems segment of Franklin Electric.
Franklin Electric Co., Inc. (NasdaqGS:FELE) completed the acquisition of B&R Industries, Inc. during the fourth quarter ended December 31, 2021.
Franklin Electric Co., Inc. designs, manufactures and distributes water and fuel pumping systems, composed primarily of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. The Companyâs water pumping systems move fresh and wastewater to the residential, agricultural and other industrial end markets. The Company's segments include Water Systems, Fueling Systems, and Distribution. Water Systems produces and markets water pumping systems and is a technical service for submersible motors, pumps, drives, electronic controls, water treatment systems, and monitoring devices. The Fueling Systems segment designs, manufactures and sells pumps, motors, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices and related parts and equipment primarily for use in fueling system applications. The Distribution segment operates as a collection of wholly owned groundwater distributors known as the Headwater Companies.
FRANKLIN ELECTRIC CO., INC. 
