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BDO’s M&A and Capital Markets team is pleased to announce that Franklin Electric has acquired Waterite, Inc. and Waterite America Inc. (Waterite) in an all-cash transaction, finalized in November 2020.

Waterite is a leading distributor of water treatment equipment and consumable supplies in North America serving customers in the residential, commercial, and municipal end markets. Under its current ownership, Waterite has grown significantly over the past two decades and enjoys a leading market position in Canada with a growing footprint in the U.S. Congratulations to both Waterite and Franklin Electric on a successful transaction.

BDO’s M&A and Capital Markets team acted as exclusive financial advisor to Waterite, assisting the company’s shareholder through the entire divestiture process.

"After a period of objective deliberation with the principals, we engaged with BDO for the sale of our family business. The BDO deal team ran a superb sales process that resulted in multiples offers. Their experience and professional approach was invaluable in navigating the process to a successful conclusion despite the additional challenges presented by the pandemic. Congratulations on a job well done."
Paul Jacuzzi, CEO & Owner, Waterite

For any inquiries related to this transaction, please contact:

Brian Trainor, Director & Senior Advisor

Learn more about BDO’s M&A and Capital Markets service

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