Franklin Electric acquires Waterite Inc.

November 2, 2020

On November 2, 2020, Franklin Electric Co., Inc. (NASDAQ: FELE) (“Franklin Electric”) completed its acquisition of Waterite Inc. headquartered in Winnipeg, Manitoba together with its US affiliate, Waterite America Inc. Waterite is a residential and commercial water treatment products and services provider in Canada and the United States.

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel.

Miller Thomson advised Franklin Electric in this transaction with a team led by Andrew Cohen (Corporate/M&A), and including Andrew Etcovitch  (Corporate Tax); Elissa Brock (Corporate/M&A); Tamara Farber and Adina-Georgina Georgescu (Environment); Alex Ajami (IP); Farah Rohoman and Nadia Guizani (Transactions and Leasing),  and Filomena Muro and Jesse Chau (Corporate Services).

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