CapitalWorks Private Equity Firm Cleveland Ohio

Franklin Electric Announces the Sale of its Engineered Motor Products Divisions

Franklin Electric Co., Inc. (NASDAQ: FELE), the world’s largest manufacturer of submersible electric motors and a global supplier of water pumping systems and fuel pumping systems announced today the sale of its Engineered Motor Products Division (“EMPD”) located in Bluffton, Indiana to CapitalWorks, LLC (“CapitalWorks”) an equity firm based in Cleveland, Ohio. Evarts Capital, LLC advised Franklin Electric on the transaction. Terms of the asset sale were not disclosed.

EMPD manufactures and sells fractional horsepower electric motors primarily to original equipment manufacturers (“OEMs”) for specialty applications such as ice cream dispensers, electric hoists, paint mixing machines and food processing applications. EMPD’s revenue represents less than 10% of Franklin Electric’s consolidated sales.

Recent News

Private Equity Senior Associate

CapitalWorks is a private equity investment firm located in Cleveland, Ohio that makes control investments in lower middle-market companies. We invest in manufacturing and industrial service companies with $3

Read More »

CapitalWorks Welcomes Brady Roth

Brady Roth has joined CapitalWorks as an Associate. His primary responsibilities include initial deal screening and evaluation of acquisition opportunities, deal execution and financing. He assists current portfolio companies

Read More »
Private Equity Deal News CapitalWorks

Get the Latest CapitalWorks News in Your Inbox

Share via
Copy link
Powered by Social Snap