LONDON–(BUSINESS WIRE)–Pentair, a leader in helping the world sustainably move, improve and enjoy water, life’s most essential resource, today announced that it has acquired Florida-based G&F Manufacturing for approximately $108 million in cash at closing, subject to certain adjustments. The acquisition is expected to be modestly accretive to Pentair earnings in 2025. G&F Manufacturing manufactures and services heat pumps for pools under the Gulfstream brand in the Southeast portion of the United States.
The Gulfstream brand expands Pentair’s pool equipment offerings to customers in Florida and surrounding areas. “Heat pumps are an important offering for customers in critical geographical regions and align with sustainability trends for pool equipment,” said Jerome Pedretti, CEO of Pentair Pool. “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.”
ABOUT PENTAIR PLC
At Pentair, we help the world sustainably move, improve and enjoy water, life’s most essential resource. From our residential and commercial water solutions, to industrial water management and everything in between, Pentair is a core large cap value equity stock focused on smart, sustainable water solutions that help our planet and people thrive.
Pentair had revenue in 2023 of approximately $4.1 billion, and trades under the ticker symbol PNR. With approximately 10,500 global employees serving customers in more than 150 countries, we work to help improve lives and the environment around the world. To learn more, visit www.pentair.com.
