Flowmeter industry merger

Badger Meter to acquire Racine Federated for $57 million, continuing its run of purchases.

01/17/2012


Badger Meter, Inc. today announced it has signed a definitive agreement to acquire Racine Federated, Inc. of Racine, WI, and its subsidiary located in Thetford, England, for approximately $57 million in cash. Racine Federated manufactures and markets flow meters for the water industry, as well as various industrial metering and specialty products. Combined sales volume for Racine Federated in 2011 is estimated at approximately $43 million in 2011.  

According to Richard A. Meeusen, chairman, president, and chief executive officer of Badger Meter, the acquisition of Racine Federated gives Badger Meter several new flow measurement technologies, strong brands, a robust distribution channel, and skilled employees. Meeusen said, "Building on our acquisitions of Cox Flow Measurement in 2010 and Remag in early 2011, the acquisition of Racine Federated will significantly expand Badger Meter's global flow measurement business. It gives us a broader and deeper product line and an established customer base. It also provides opportunities for future growth and international expansion. Racine Federated offers its customers a wide range of flow measurement products. With approximately 40% of its business in water-related markets and 60% in markets including industrial, oil and gas, municipal and energy management, Racine Federated is an excellent addition to Badger Meter. The company has an outstanding reputation in the industry, a strong management team, and an experienced workforce.”

John Erskine Jr., chairman of Racine Federated, said, "The combination of Racine Federated and Badger Meter will bring many benefits to our customers, including a broader range of flow measurement technologies, products, and capabilities. We look forward to continuing to grow the business as part of Badger Meter."

Racine Federated employs approximately 120 workers at its facility in Racine, WI. Its management team will remain with the company. Meeusen said the acquisition is expected to be accretive to earnings during the first full year of ownership. The transaction is expected to close in the first quarter of 2012, subject to customary closing conditions.

www.racinefed.com/flow.cfm

www.badgermeter.com

Edited by Peter Welander, pwelander(at)cfemedia.com



No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
High-performance buildings; Building envelope and integration; Electrical, HVAC system integration; Smoke control systems; Using BAS for M&V
Pressure piping systems: Designing with ASME; Lab ventilation; Lighting controls; Reduce energy use with VFDs
Smoke control: Designing for proper ventilation; Smart Grid Standard 201P; Commissioning HVAC systems; Boilers and boiler systems
Case Study Database

Case Study Database

Get more exposure for your case study by uploading it to the Consulting-Specifying Engineer case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.

These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.

Click here to visit the Case Study Database and upload your case study.

Protecting standby generators for mission critical facilities; Selecting energy-efficient transformers; Integrating power monitoring systems; Mitigating harmonics in electrical systems
Commissioning electrical systems in mission critical facilities; Anticipating the Smart Grid; Mitigating arc flash hazards in medium-voltage switchgear; Comparing generator sizing software
Integrating BAS, electrical systems; Electrical system flexibility; Hospital electrical distribution; Electrical system grounding
Cannon Design’s blog is a place for the many voices of the firm to share thoughts and news related to current projects...
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.