Franklin Electric Co., Inc. acquired Puronics Water Systems, Inc. for approximately $28 million.
April 31, 2021
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Franklin Electric Co., Inc. (NasdaqGS:FELE) acquired Puronics Water Systems, Inc. on April 1, 2021. The consideration was paid in cash. Puronics' consolidated annual sales are approximately $24 million. Robert W. Baird & Co. Incorporated acted as financial advisor to Puronics Water Systems, Inc.
Franklin Electric Co., Inc. (NasdaqGS:FELE) completed the acquisition of Puronics Water Systems, Inc. for approximately $28 million on April 1, 2021. As a part of acquisition, Puronics will be included as a part of the Water Systems segment of the Franklin Electric. Raymond James Financial, Inc. (NYSE:RJF) acted as financial advisor to Franklin Electric Co., Inc.
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. 
