Franklin Electric completes $350M acquisition of Cat Pumps; accretive to 2027 EPS

FRANKLIN ELECTRIC CO INC

Acquired Cat Pumps for $350M cash plus up to $50M in performance-based stock (PRSUs).
Cat Pumps 2025 revenue ~$115M, Adjusted EBITDA ~$45M (>35% margin).
Deal expected accretive to Adjusted EPS in 2027; net leverage ~1.5x post-close.
Cat Pumps to report under Energy Systems segment; expands addressable market by $1B+.
Funded with cash and existing credit facilities; completed Sept 4, 2026.

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