New York, New York – May 4, 2026 – A. Buchholtz & Company (“AB&C”) is pleased to announce the sale of its client, Wood Bros. and related entities (the “Company”) to Franklin Electric Co., Inc. (NASDAQ: FELE).

Headquartered in Lincoln, Nebraska, Wood Bros. is a distributor of water treatment systems to wholesale and retail customers from its three locations in Lincoln, Phoenix, Arizona and Indianapolis, Indiana. The acquisition enhances Franklin Electric’s Water Treatment business by adding synergistic distribution capabilities and expanding access to customers and markets.

The related entities acquired include both Reverse Osmosis Superstore and Vistar Water Technologies, both of which provide customers with water treatment solutions online.

Franklin Electric is a Fort Wayne, Indiana-based manufacturer and distributor of products and systems focused on the movement and management of water and energy. By acquiring Wood Bros., Franklin gains deeper presence in key markets and a complementary business with a decades-long reputation for providing the highest level of customer service and tailor-made water treatment products.

Don Line, President of Franklin Water Treatment said, “Wood Brothers is a fantastic business with a great reputation, and we are extremely pleased to add it to our existing operations. Nebraska, Arizona and Indiana are all excellent markets for our products, and we look forward to continuing to grow within and service these geographies with the Wood Brothers team.”

Franklin Electric closed an all-cash deal at a purchase price of $50 million, subject to post-closing adjustments.

“Wood Bros. will benefit greatly from Franklin Electric’s broad sourcing capabilities and greater geographic reach,” said AB&C Managing Director, Dan Brunello. “We had several compelling options for our client, but ultimately it came down to Franklin’s experienced management team with a long and proven track record of acquiring and integrating similar water treatment distribution businesses.”

About A. Buchholtz & Company

A. Buchholtz & Company (AB&C) is a premier mid-market investment banking advisory firm based in New York with global reach. The firm provides a full range of transaction services, including sell-side and buy-side M&A, capital raising, joint ventures, and strategic advisory services and is a member of Globalscope Partners Ltd., a worldwide network of M&A advisory firms specializing in middle-market transactions.

For more information about A. Buchholtz & Company, please contact:

Andrew J. Buchholtz
President
A. Buchholtz & Company, LLC
andy@abuchholtz.com
917-209-1642
www.abuchholtz.com

Dan Brunello
Managing Director
A. Buchholtz & Company, LLC
dan@abuchholtz.com
917-209-1642
www.abuchholtz.com