Pentair to buy Taco Group Holdings for about $1.4 billion
PNR•Pentair expands into hydronic and water-based HVAC with Taco deal
Pentair agreed to buy Taco Group Holdings for about $1.4 billion, expanding its water solutions portfolio into hydronic and water-based HVAC markets.
- Taco is expected to generate about $540 million of revenue in fiscal 2026, with adjusted EBITDA margins above 20% including planned synergies.
- The purchase price implies about 10.5x 2026E EBITDA, including about $165 million in tax benefits and about $30 million in run-rate cost synergies.
- The deal is expected to close in the fourth quarter of 2026.
- Financing is planned from cash on hand and committed bridge financing, later refinanced with debt.
- Taco is slated to join the Water Solutions segment, keep the Taco brand, and maintain a significant presence in Cranston, Rhode Island.
