Franklin Electric Secures Acquisition of New Aqua
Franklin Electric provides the production and marketing of systems and components for the movement of water and fuel.
Franklin Electric has announced the purchase of New Aqua and its fully owned branch valued at roughly $150 million.
New Aqua is a water treatment business with more than 60 years of market success driven by more than 230 employees and 590 independent water quality dealers in the United States. The business currently operates under the brand names Aqua Systems and Hellenbrand to manufacture and provide services for a complete line of residential and commercial water treatment and drinking water equipment.
“We look forward to working with our suppliers, wholesale distribution partners and water quality dealers to offer high quality products and services, while also expanding Franklin Electric’s product offerings and reach as a provider of water systems solutions,” says Gregg Sengstack, Chairperson and Chief Executive Officer of Franklin Electric.
The current management team of Aqua Systems, including its Chief Executive Officer, Don Line, will remain with the company.
Headquartered in Indianapolis, Indiana Franklin Electric provides the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and services, Franklin Electric also serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fuelling applications.
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June 20, 2021