Franklin Electric Completes Acquisition of New Aqua

Franklin Electric announced on May 17 that it has acquired New Aqua LLC and its wholly owned subsidiaries, headquartered in Indianapolis, Indiana, in an all-cash transaction valued at $150 million, subject to customary adjustments.

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 within 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. New Aqua’s consolidated annual sales in 2020 were approximately $68 million.