Franklin Electric Completes Acquisition of Cat Pumps

10:26 AM EDT, 09/08/2026 (MT Newswires) -- Franklin Electric (FELE) said Tuesday it has acquired Minneapolis-based high-pressure plunger and piston pumps provider Cat Pumps for $350 million in cash, plus potential earnout of up to $50 million in company stock tied to future performance. The acquisition is slated to be accretive to adjusted earnings per share in 2027, Franklin Electric said, adding that the deal provides a stream of stable, recurring and high-margin aftermarket and accessory revenue. The acquisition was completed on Sept. 4 and was funded with a combination of available cash and borrowings under existing credit facilities, Franklin Electric further said. Price: 99.37, Change: -0.39, Percent Change: -0.39