India, July 28 -- Pentair plc (PNR) announced on Tuesday that it has agreed to acquire Taco Group Holdings, provider of hydronic and water-based solutions, for about $1.4 billion.
The company expects the acquisition to expand its portfolio of smart, sustainable water solutions to support increased exposure to key high-growth end-markets primarily in North America.
Pentair would fund the deal with existing cash facilities and committed bridge financing, which will be refinanced with a permanent debt issuance.
The company expects the deal to be $0.10 to $0.15 accretive to adjusted EPS in fiscal 2027. Also, Pentair expects $30 million in annual run-rate cost synergies. Notably, Taco is expected to generate approximately $540 million in reve...