Franklin Electric completes $350M acquisition of Cat Pumps

Franklin Electric completed its acquisition of Minneapolis-based high-pressure pump maker Cat Pumps for $350 million in cash, plus a potential earnout of up to $50 million in Franklin stock. The deal was announced on September 8, 2026.

“today announced it has completed the acquisition of Cat Pumps Corporation, a leading provider of high-pressure, positive displacement pumps, for $350 million in cash”franklin-electric.com

• 6 sources
• franklin-electric.comFranklin Electric Acquires Cat Pumps, Expanding Commercial and Industrial Flow Control Platform | Franklin ElectricSep 8, 2026
• insideindianabusiness.comFranklin Electric acquires Minneapolis manufacturer Cat Pumps – Inside INdiana BusinessSep 8, 2026
• impeller.netAcquisitions + Mergers | impeller.netSep 9, 2026
• catpumps.comCat Pumps Joins Franklin Electric | Cat PumpsSep 9, 2026
• industrialvalvenews.comFranklin Electric buys Cat Pumps - Industrial Valve NewsSep 9, 2026
• pumpindustry.com#CorporateGrowth – Pump Industry

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