Franklin Electric Acquires Cat Pumps For Up To $400 Million
By Amit Chowdhry ● Sep 12, 2026
Franklin Electric has completed the acquisition of Cat Pumps Corporation, a provider of high-pressure positive displacement pumps, for $350 million in cash plus a potential earnout of up to $50 million in Franklin Electric stock based on future performance. The transaction gives the deal a potential total value of up to $400 million.