Franklin Electric Co Inc completed its acquisition of Cat Pumps Corporation on 2026-09-04, according to the Form 8-K Franklin Electric Co Inc filed with the SEC on 2026-09-08. The filing states a price of $350 million.
| Acquirer | Franklin Electric Co Inc |
|---|---|
| Acquired | Cat Pumps Corporation |
| Completed | 2026-09-04 |
| Price stated in the filing | $350 million |
| Reported by | Franklin Electric Co Inc (FELE), the buyer |
| Filing | Form 8-K, filed 2026-09-08 |
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What the filing says
On September 4, 2026, Franklin Electric Co., Inc. ("Franklin Electric") entered into a Share Purchase Agreement (the "Share Purchase Agreement") by and among Franklin Electric, FE Force, LLC, a wholly-owned subsidiary of Franklin Electric ("Acquisition Company"), Cat Pumps Corporation ("Cat Pumps"), the shareholders of Cat Pumps, and certain guarantors party thereto, pursuant to which Acquisition Company purchased all of the outstanding capital stock (the "Shares") of Cat Pumps from its shareholders.
The price, in the filing's words
An aggregate cash payment in the amount of approximately $350 million, subject to adjustment under the Share Purchase Agreement; and ii.
More from the filing
Entry into a Material Definitive Agreement On September 4, 2026, Franklin Electric Co., Inc. ("Franklin Electric") entered into a Share Purchase Agreement (the "Share Purchase Agreement") by and among Franklin Electric, FE Force, LLC, a wholly-owned subsidiary of Franklin Electric ("Acquisition Company"), Cat Pumps Corporation ("Cat Pumps"), the shareholders of Cat Pumps, and certain guarantors party thereto, pursuant to which Acquisition Company purchased all of the outstanding capital stock (the "Shares") of Cat Pumps from its shareholders.
Cat Pumps is a manufacturer and wholesale supplier specializing in water systems, components, and accessories and is primarily based in Minneapolis, Minnesota with operations globally.
Franklin Electric provided the following consideration for the Shares: i.
Quoted from Franklin Electric Co Inc's Form 8-K.
This is the only completed acquisition Franklin Electric Co Inc reported under Item 2.01 in the last twelve months.
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Get the free SnapshotWhere this comes from
A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.
Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.
