Majority stake Announced Mar 2006 · Closed Apr 2006 Verified
Franklin Electric Completes Acquisition of Little Giant Pump Company
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Franklin Electric Co., Inc. announced the completion of its acquisition of Little Giant Pump Company from Tecumseh Products Company in a stock purchase transaction valued at $121 million. The deal is expected to be accretive to Franklin Electric's earnings per share in the first year of ownership and will broaden its pump offerings in residential and commercial markets.