Franklin Electric acquisitions, on the record

Word for word“In the last three years, the Company acquired substantially all of the assets of Action Manufacturing & Supply, Inc. and all of the ownership interest of Puronics, Inc.; New Aqua, LLC; and B&R Industries, Inc. expanding its portfolio to include water treatment systems and acquired Minetuff Dewatering Pumps Australia Pty Ltd expanding its industrial dewatering product line.” 10-K for 2023

Word for word“2023 - Acquired substantially all of the assets of LCA Pump, LLC, which operates Water Works Pump, a professional groundwater distributor operating in the midwest Information Regarding All Reportable Segments Research and Development The Company incurred research and development expenses as follows: 5 (In millions) 2023 2022 2021 Research and development expenses $ 17.7 $ 16.7 $ 17.3 Expenses incurred were for activities related to the development of new products, improvement of existing products and manufacturing methods and other applied research and development.” 10-K for 2023

Word for word“2021 - Acquired Blake Group Holdings, Inc., a professional groundwater distributor operating in the northeast” 10-K for 2023

Word for word“Outside the U.S. and Canada, Fueling Systems sales decreased 19 percent in 2023, as compared to the prior year, due primarily to the divestiture of the above ground storage tank business in 2022 and lower sales in China.” 10-K for 2023

Word for word“During the fourth quarter ended December 31, 2023, the Company acquired substantially all of the assets of Aqua Systems of Fort Myers, a water treatment systems distributor.” 10-K for 2023

Word for word“During the first quarter ended March 31, 2023, the Company acquired substantially all of the assets of Phil-Good Products, Inc. ("Phil-Good").” 10-K for 2023

Word for word“In another separate transaction in the first quarter of 2023, the Company acquired 100 percent of the ownership interests of Hydropompe S.r.l. ("Hydropompe").” 10-K for 2023

Word for word“During the fourth quarter ended December 31, 2022, the Company acquired 100 percent of the ownership interests of Casper Well Products ("Casper") for a purchase price of $ 2.0 million after working capital adjustments.” 10-K for 2023

Word for word“During the fourth quarter ended December 31, 2021, the Company acquired 100 percent of the ownership interests of B&R Industries, Inc. ("B&R"), a water treatment equipment provider located in Mesa, Arizona, for a cash purchase price of $ 16.3 million after purchase price adjustments based on the level of working capital acquired.” 10-K for 2023

Word for word“During the third quarter ended September 30, 2021, the Company acquired 100 percent of the ownership interests of Minetuff Dewatering Pumps Australia Pty Ltd ("Minetuff") for a cash purchase price of $ 13.7 million after purchase price adjustments based on the level of working capital acquired.” 10-K for 2023

Word for word“During the second quarter ended June 30, 2021, the Company acquired, in separate transactions, 100 percent of the ownership interests of Puronics, Inc. and its wholly owned subsidiaries ("Puronics"), headquartered in Livermore, California, and 100 percent of the ownership interests of New Aqua, LLC ("New Aqua") and its wholly owned subsidiaries, headquartered in Indianapolis, Indiana.” 10-K for 2023

Word for word“During the second quarter ended June 30, 2021, the Company acquired, in separate transactions, 100 percent of the ownership interests of Puronics, Inc. and its wholly owned subsidiaries ("Puronics"), headquartered in Livermore, California, and 100 percent of the ownership interests of New Aqua, LLC ("New Aqua") and its wholly owned subsidiaries, headquartered in Indianapolis, Indiana.” 10-K for 2023

Word for word“In a separate transaction during the second quarter ended June 30, 2021, the Company acquired all of the assets of Power Integrity Services, LLC, a North Carolina-based company, which is included in the Fueling Systems segment of the Company.” 10-K for 2023

Word for word“In another separate transaction during the quarter ended June 30, 2021, the Company acquired all of the assets of Atlantic Turbine Pump, LLC, a Georgia-based company, which is included in the Distribution segment of the Company.” 10-K for 2023

Word for word“During the fourth quarter ended December 31, 2020, the Company acquired 100 percent of the ownership interests of Gicon Pumps & Equipment, Inc., a professional groundwater distributor operating seven locations in the state of Texas for a purchase price of $ 28.1 million after working capital adjustments.” 10-K for 2023

Word for word“In February 2025, the Company acquired 100 percent of the ownership interests of PumpEng for a purchase price of AUD 24.0 million (approximately $15 million), subject to working capital and net debt closing adjustments.” 10-K for 2024

Word for word“Also in February 2025, the Company signed a definitive agreement to acquire Barnes de Colombia S.A., a leading manufacturer and distributor of industrial and commercial pumps based in Colombia for an enterprise value of $ 110.0 million, subject to working capital and net debt closing adjustments.” 10-K for 2024

Word for word“The all-cash purchase price for the acquisition was $ 4.5 million.” 10-K for 2024

Word for word“The Company also acquired, in a separate transaction, substantially all of the assets of LCA Pump, LLC, which operates Water Works Pump, a Missouri based professional groundwater distributor.” 10-K for 2025