Pentair to Acquire Taco Group, Expanding Water Solutions Portfolio
PNR is trading near its 52-week low of $57.6 (9.4% above the low).
Summary
Pentair is acquiring Taco Group Holdings for about $1.4 billion, expanding its water solutions portfolio. Taco Group provides hydronic and water-based solutions and has more than $500 million in revenue. The deal is expected to generate about $165 million in tax benefits and $30 million in run-rate cost synergies. Pentair's 2026 guidance does not include the acquisition. The move follows a turbulent period in which Pentair slashed full-year guidance, missed Q2 estimates, lost its CFO, and reported a 17% sales decline in preliminary Q2 results.
At the time of this announcement, PNR was trading at $63.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $10.2B. The 52-week trading range was $57.60 to $113.95. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.