secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN ELECTRIC CO INC (FELE)
CIK:        0000038725
Form:       8-K
Filed at:   2026-09-08T16:41:41+00:00
Accession:  0000038725-26-000062
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38725/000003872526000062/0000038725-26-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38725/000003872526000062/fele-20260904.htm
  HTML page:      https://secwatch.observer/filing/0000038725-26-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer