Pentair plc has entered into a definitive agreement to acquire Taco Group Holdings for approximately $1.4 billion, adding one of the hydronics industry's best-known manufacturers to its growing portfolio of commercial and residential water management products. Pentair said adding Taco creates a more comprehensive water management platform by combining complementary product lines and engineering expertise. "The addition of Taco will provide Pentair with a more comprehensive suite of solutions and enhanced development capabilities to benefit our customers across commercial, industrial and residential applications. We look forward to welcoming the Taco team to Pentair, ushering in a new chapter of growth and value creation." Taco Brand to Continue Under PentairFollowing the transaction, Taco will become part of Pentair's Water Solutions business while continuing to operate under the Taco brand.