Taft is pleased to have acted as legal counsel to Franklin Electric Co., Inc. (NASDAQ: FELE) in its acquisition of Cat Pumps Corporation for $350 million in cash plus a potential earnout of up to $50 million in Franklin Electric stock.
Franklin Electric is a global leader in flow control with a focus in water and energy systems. Based in Minneapolis with global operations, Cat Pumps is a market leader in high-pressure plunger and piston pumps serving commercial and industrial applications. Read the release here.
Taft’s legal team was led by Kathleen Eick and included Tim Murphy, Matt Sieben, and Dorothy Swagler.