Franklin Electric completes acquisition of Cat Pumps for $350 million cash plus earnout
FELE•Funding and leverage
Funding came from cash and existing credit facilities; net leverage is expected to be near 1.5x following closing.
Acquisition completed
Franklin Electric completed its acquisition of Cat Pumps for $350 million in cash, with a potential earnout of up to $50 million in stock.
The deal closed on Sept. 4, 2026; Cat Pumps will continue to operate under its brand within Franklin Electric’s Energy Systems segment.
Financial details and outlook
Cat Pumps generated about $115 million in revenue and $45 million in adjusted EBITDA in 2025; EBITDA margins exceeded 35%.
Management expects the transaction to be accretive to adjusted EPS in 2027, with revenue synergies across its flow-control portfolio.
