06:37 AM EST, 12/03/2024 (MT Newswires) -- Pentair ( PNR ) said Tuesday it has acquired G&F Manufacturing for about $108 million in cash at closing, subject to certain adjustments.

The company said the acquisition is expected to be modestly accretive to Pentair's ( PNR ) 2025 earnings. Florida-based manufactures and services heat pumps for Gulfstream pools in the US southeast.

Pentair ( PNR ) Chief Executive Jerome Pedretti said the acquisition would expand its pool equipment offerings to customers in Florida and surrounding area.