Pentair falls as pool equipment destocking hits sales; to buy Taco Group for $1.4 billion

Pentair falls as pool equipment destocking hits sales; to buy Taco Group for $1.4 billion

Pentair buying Taco Group Holdings for $1.4B to expand in HVAC, data centers

Pentair (NYSE: PNR) said Tuesday it has agreed to acquire Taco Group Holdings for $1.4 billion, a deal that expands the water treatment company’s reach in HVAC and data center infrastructure.

Taco to Be Sold for $1.4B to London headquartered Pentair; “Significant Presence” in Cranston promised

Pentair says it will retain the Taco brand and operate the century-old company as a stand-alone business. Neither company, however, has commented on retaining Taco’s current Rhode Island workforce. After more than a century in Rhode Island and four generations under White family ownership, Cranston-based Taco Group Holdings is poised to become part of a publicly traded global water-products company in a deal valued at approximately $1.4 billion.…