FELE - Mergers and acquisitions

FORT WAYNE, Ind., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that on December 31, 2023, its wholly owned subsidiary Headwater Companies, LLC acquired substantially all of the assets of LCA Pump, LLC, a Missouri limited liability company, which operates Water Works Pump. Water Works is a professional groundwater distributor located in Springfield, MO, and will operate as a branch of Headwater Wholesale, LLC, a subsidiary of Headwater Companies. DeLancey Davis, President of Headwater Companies, commented: "We are excited to welcome Water Works to the Headwater Wholesale family. With over three decades of dedicated service to the pump industr

FORT WAYNE, Ind., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its wholly owned subsidiary, Franklin Water Treatment, LLC, has acquired the assets of Action Manufacturing & Supply, Inc., a manufacturer and wholesale distributor of residential water conditioning, filtration, and indoor/outdoor aeration systems since 1980 with operations in Florida and North Carolina. The operating results of the acquired business will be reported in the company's Water Systems business segment. Don Line, President of Franklin Water Treatment commented: "We are excited to incorporate the business of Action Manufacturing & Supply into our existing business

FORT WAYNE, Ind., Jan. 04, 2022 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that on December 31, 2021 its wholly owned subsidiary Headwater Companies, LLC acquired Blake Group Holdings, Inc., a Connecticut corporation, for $27.1 million in cash. Blake is a professional groundwater distributor operating fourteen locations throughout the northeast United States. Blake has approximately $74 million of consolidated annual sales. DeLancey Davis, President of Headwater Companies, the wholly owned Distribution Segment of Franklin Electric, commented: "We are pleased to add Blake to the Headwater family. Blake has served the pump industry and related water r

FORT WAYNE, Ind., April 01, 2021 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that it has acquired Puronics, Inc. and its wholly owned subsidiaries, headquartered in Livermore, California, in an all-cash transaction. Puronics is a residential and commercial water treatment products and services provider operating four company owned service centers and serving approximately 133 independent water quality dealers with approximately 260 locations in 31 states. Puronics’ consolidated annual sales are approximately USD $24 million. Don Kenney, President of Franklin Electric’s global Water Systems business, commented: “We have identified water treatment as a s

FORT WAYNE, Ind., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that on December 31, 2020 it acquired Gicon Pumps & Equipment Inc. of Lubbock, Texas for $27.9 million in a cash transaction. Gicon is a professional groundwater distributor operating seven locations in the state of Texas. Gicon has approximately $68 million of consolidated annual sales. DeLancey Davis, President of Headwater Companies, the wholly owned Distribution Segment of Franklin Electric, commented: “We are pleased to add Gicon to the Headwater family. The team at Gicon has served the pump industry and related water resource markets for over 40 years and has an outstandin