# 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.

- Type: Acquisition
- Announced: 2026-09-08
- Where: Minneapolis, Minnesota, United States
- Value: $350.0M
- Status: completed
- Products: high-pressure plunger pumps, piston pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Franklin Electric](https://endata.com/companies/1787.md) (acquirer)
- [Cat Pumps](https://endata.com/companies/14659.md) (target)

## Sources

- [franklin-electric.com](https://www.franklin-electric.com/company/news/2026/franklin-electric-acquires-cat-pumps-expanding-commercial-and-industrial-flow-control-platform/), 2026-09-08: "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"
- [insideindianabusiness.com](https://www.insideindianabusiness.com/articles/franklin-electric-acquires-minneapolis-manufacturer-cat-pumps), 2026-09-08: "The company said Tuesday the acquisition, which closed on Sept. 4, is valued at $350 million in cash"
- [impeller.net](https://impeller.net/magazin_category/acquisitions-mergers/), 2026-09-09: "Franklin Electric announced it has completed the acquisition of Cat Pumps Corporation"
- [catpumps.com](https://www.catpumps.com/cat-pumps-joins-franklin-electric), 2026-09-09: "Cat Pumps Corporation has been acquired by Franklin Electric Co., Inc. (NASDAQ: FELE)."
- [industrialvalvenews.com](https://www.industrialvalvenews.com/featured/franklin-electric-buys-cat-pumps/), 2026-09-09: "Franklin Electric has completed the US$350 million acquisition of Cat Pumps Corporation"
- [pumpindustry.com](https://pumpindustry.com/tag/corporategrowth/), 2026-10-02: "Franklin Electric has successfully completed the acquisition of Cat Pumps Corporation for US$350 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.