AcquisitionsMay 4, 2026, 11:32 AM
Franklin Electric Acquires Water Treatment Companies for $50M
AI Summary
Franklin Electric Co., Inc. announced the completion of its acquisition of three operating companies for a combined purchase price of $50 million. The acquired entities, including Piertek, Inc d/b/a Wood Bros Industries, Piertek III, LLC d/b/a Reverse Osmosis Superstore, and Vistar Water Technologies, Inc., are wholesale suppliers and online retailers specializing in water treatment systems, components, and accessories. This strategic move is expected to expand Franklin Electric's presence in the water treatment market.
Key Highlights
- Franklin Electric completed the acquisition of three operating companies on May 1, 2026.
- The combined purchase price for the acquisition was $50 million, subject to working capital adjustments.
- The acquired entities are Piertek, Inc d/b/a Wood Bros Industries, Piertek III, LLC d/b/a Reverse Osmosis Superstore, and Vistar Water Technologies, Inc.
- The Acquired Entity specializes in water treatment systems, components, and accessories.
- The acquired business operates as a wholesale supplier and online retailer, primarily based in Lincoln, Nebraska.