Minneapolis, MN-based water treatment supplier Pentair acquired G&F Manufacturing for about $108 million in cash.
The acquisition is anticipated to have a slight positive impact on Pentair’s earnings in 2025.
Florida-based G&F Manufacturing produces and services heat pumps for pools under the Gulfstream brand in the southeastern U.S. Pentair said the Gulfstream brand expands its pool equipment offerings to Florida customers.
“Heat pumps are an important offering for customers in critical geographical regions and align with sustainability trends for pool equipment,” Pentair Pool CEO Jerome Pedretti said in a Dec. 3 news release. “This strategic acquisition allows us to enhance our value proposition to our customers and aligns with our commitment to deliver smart, sustainable solutions to help our customers enjoy water and make the most of life’s essential resource.”
In 2023, Pentair reported revenue of around $4.1 billion. The company has about 10,500 employees worldwide, serving customers across more than 150 countries.
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