Pentair Acquires Pleatco
September 15, 2021
Pentair plc agreed to acquire Pleatco, a manufacturer of water filtration and industrial air filtration products, from Align Capital Partners for approximately $255 million in cash. The acquisition expands Pentair's aftermarket pool and spa replacement filter offerings and complements its industrial filtration portfolio, with Pleatco expected to contribute roughly $95 million in annual revenue (2021).
- Buyers
- Pentair plc
- Targets
- Pleatco Filtration
- Sellers
- Align Capital Partners
- Industry
- Manufacturing
- Location
- Kentucky, United States
- Transaction Type
- Buyout
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