Deal Details
Puronics Is Acquired By Franklin Electric
Summary
Puronics, Inc. (“Puronics” or the “Company”) was recently acquired by Franklin Electric Co., Inc. (“Franklin Electric”) (NASDAQ: FELE). Terms of the transaction were not disclosed.
Baird served as financial advisor to Puronics, Inc. on this transaction.
About
Puronics is a leading manufacturer of premium water treatment systems for consumer and commercial end markets. The Company offers a broad suite of water conditioning and filtration systems that includes water softeners, water filters, micro-filtration, ultra-filtration, bacteriostatic carbon filtration, reverse osmosis and ultraviolet disinfection. Puronics’ products are primarily sold through its wholesale distribution / dealer network and Company-owned retail locations. Puronics is headquartered in Livermore, California.Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal and fueling applications. Franklin Electric is headquartered in Fort Wayne, Indiana.
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- Date
- April 2021
- Company
- Puronics, Inc.
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Water & Filtration
Specialty Materials & Chemicals
- Target Geography
- North America
- Acquiror Geography
- North America
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