Badger Meter, Inc. (NYSE: BMI), a leading global innovator and manufacturer of flow measurement, control and communications solutions, today announced it has signed an agreement to acquire assets of Carolina Meter & Supply, based in Wilmington, North Carolina, as well as to hire their five employees. Carolina Meter distributes Badger Meter products to municipal water utility customers in North Carolina, South Carolina and Virginia. Following the acquisition, Carolina Meter will do business as “National Meter & Automation,” Badger Meter’s wholly-owned distribution sales organization.
“The acquisition of Carolina Meter is the third in our ongoing strategy to enhance Badger Meter’s sales channels,” said Richard Meeusen, Badger Meter chairman, president and chief executive officer. “By doing so, customers can expect faster delivery times of in-stock products, and more importantly, expanded sales, technical and operational support services across the country.”
The acquisition is effective Nov. 1, 2017. Terms of the transaction were not disclosed.
About Badger Meter
Badger Meter is an innovator in flow measurement, control and communications solutions, serving water utilities, municipalities, and commercial and industrial customers worldwide. The Company’s products measure water, oil, chemicals, and other fluids, and are known for accuracy, long-lasting durability and for providing valuable and timely measurement data. For more information, visit www.badgermeter.com.
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