Franklin Electric acquires New Aqua LLC for $150 million

Franklin Electric acquired Indianapolis-based water treatment business New Aqua LLC (brands Aqua Systems and Hellenbrand) in an all-cash transaction valued at $150 million.

“Franklin Electric Co. Inc. acquired New Aqua LLC and its wholly owned subsidiaries, headquartered in Indianapolis, in an all-cash transaction valued at $150 million, subject to customary adjustments.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.