Franklin Electric (FELE) To Acquire Challenge Pumps For ~$181M Cash, Up To $14M Earnout
Franklin Electric (FELE) agreed to acquire Challenge Pumps for ~$181M in cash, with up to $14M more contingent on future revenue. Challenge Pumps reported $52M revenue and $18M EBITDA in FY2026. The deal is expected to close in 2026, pending audit and conditions. According to Franklin, the acquisition will expand its industrial water aftermarket presence.



