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Franklin Electric Co., Inc.
Franklin Electric makes and sells the pumps, motors, and controls that move water and fuel for farms, homes, and businesses.
Franklin Electric is the company you call when you need to move water or fuel from one place to another. It builds the motors, pumps, and controls that sit inside wells, fuel stations, and irrigation systems, selling them to farmers, homeowners, and industrial customers. If you have a well at your house, there is a good chance a Franklin motor is down there pushing water up.
The business has two main engines. The bigger one is water systems: submersible pumps and motors for wells, plus the pressure tanks and controls that keep a house or a farm running. The other is fuel systems, where Franklin makes the pumps and parts that move gasoline and other fuels at gas stations and in fuel tanks. There is also a smaller distribution arm that sells these products and related gear to installers. Customers choose Franklin largely because the products are built to last and the brand is trusted in a trade where a failed well pump means no water and an expensive repair. Franklin has grown steadily by buying up smaller pump and motor makers around the world, which broadens its product lineup and gives it a foothold in new countries. That strategy comes with real risk: the company carries more debt than a simple pump maker might, and acquisitions can be messy to integrate. Its sales are also tied to things outside its control, like how much farmers spend on irrigation, how much construction is happening, and how active the fuel and energy industry is.
The company is based in Fort Wayne, Indiana, and has been around for a very long time — it started in 1944, and its big break came from building the first practical submersible motor for water wells, a technology that made deep-well pumping far easier. That early head start helped it become a standard name in the trade. It pays a dividend to shareholders and uses its cash to fund acquisitions and buy back shares, though the story here is less about flashy growth and more about being a dependable supplier in a boring but essential corner of the economy.
Saved answer · last researched 14 Nov 2026