Pentair Announces Definitive Agreement to Acquire Pleatco
Pentair plc (NYSE: PNR), a leading provider of water treatment and sustainable solutions, today announced that it has entered into a definitive agreement to acquire Pleatco, a manufacturer of water filtration and clean air technologies for pool, spa and industrial air customers.
- Pentair plc (NYSE: PNR), a leading provider of water treatment and sustainable solutions, today announced that it has entered into a definitive agreement to acquire Pleatco, a manufacturer of water filtration and clean air technologies for pool, spa and industrial air customers.
- Pleatco is a current portfolio company of Align Capital Partners, a private equity firm with investment teams in Dallas, TX and Cleveland, OH.
- We look forward to welcoming the Pleatco employees to Pentair and to growing the relationship with Pleatcos existing customer base, continued Stauch.
- Pentair expects Pleatco to generate approximately $95 million of annual revenue in 2021.