We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.

logo
  • Engineers & Specifiers
  • Contractors & Installers
  • Wholesalers & Distributors
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Free Subscription
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • PRODUCTS
    • Bath & Kitchen
    • Fire Protection
    • HVAC
    • Hydronics/Radiant
    • Plumbing
    • PVF
    • Tools
  • PROJECTS
    • Commercial
    • Green Building
    • MRO/Retrofit
    • Remodeling
    • Residential
  • HOW TO
    • Design
    • Fire Protection
    • Legal Matters
    • Management
  • BUSINESS
    • Buying Groups
    • Technology
    • Associations
  • CODES & STANDARDS
    • ANSI
    • ASHRAE
    • ASSE
    • Regulations
    • Green Building
    • IAPMO
    • ICC
    • NFPA
  • RESOURCES
    • PROS REPS
    • Media Kit
    • Advertise
    • Contact Us
    • Classifieds
    • Digital Editions
    • Behind the Wall
    • Webinars
    • AHR Live 2023
  • PODCASTS
  • DIGITAL EDITIONS
Home » Franklin Electric Acquires Three Groundwater Distributors

Franklin Electric Acquires Three Groundwater Distributors

October 9, 2017
Franklin Electric Acquires Groundwater Distributors

Franklin Electric Co., Inc. has reached agreement to acquire controlling interests in three distributors in the U.S. professional groundwater market. Franklin acquired the following wholesalers for approximately $89 million, which includes assumed debt:

  • 2M Company Inc., Billings, Mont.
  • Western Hydro Holding Corp., Hayward, Calif.
  • Drillers Service, Inc. (DSI) of Hickory, N.C.

“The specialized groundwater distribution channel in the U.S. through which we sell our products is an important element in the ultimate sale, support and specification to the installing contractors,” said Gregg Sengstack, Franklin’s chairman and CEO. “Working in partnership with our distributors, Franklin Electric has developed a broad array of products and systems solutions that will only grow as regulatory and efficiency demands increase in North America.”

Over the last several years, Franklin has worked closely with the management of these three companies and the leadership of other strategic distribution partners.

“These relationships have provided us with insight into and appreciation for the value proposition offered by water systems distribution,” Sengstack added. “Our new distribution entity, with a national footprint of 60 locations and nearly 500 employees, will be the largest in the industry.”

The acquired distributors will operate as the Headwater Companies, LLC. DeLancey W. Davis, a 25-year industry veteran including the last 11 as an executive officer of Franklin, was named as president.

“By forward integrating into distribution in the U.S., Franklin Electric is taking a logical next step in our evolution as a groundwater pumping systems company,” Sengstack added. “This action places Franklin Electric shoulder to shoulder with the key decision makers in this end market – distributors and the installing contractors. The Headwater companies will continue to operate as full line wholesale distributors with a focus on total water systems support, including products from all industry manufacturers. Headwater will maintain a laser focus on supporting the professional installing contractor.”

 

Business Contractors & Installers Distributor Industry Community News Wholesalers & Distributors
  • Related Articles

    Three New Team Members Join Franklin Electric Industrial & Engineered Systems Business Unit

    Franklin Electric Acquires Puronics

    Franklin Electric Acquires First Sales LLC

  • Related Directories

    Little Giant / Franklin Electric

Most Popular

  • And the Winner Is…

  • Four Reasons to Use Push-to-Connect Fittings for Home Remodels

  • DiversiTech to Acquire Pro1 Thermostats

  • Lion Plumbing Supply and American Standard Join Forces to Brighten Up North Miami Neighborhood

Featured Video

Liberty video 2

Liberty Pumps Materials Center Open House with Charlie Cook

Industry Events

  • 11Jun

    AWWA 2023 Annual Conference & Exposition (ACE23)

    Toronto, ON
  • 19Jun

    2023 NFPA Conference & Expo

    Las Vegas, NV
  • 25Jun

    SWA Annual Convention

    Miramar Beach, FL
More Events

Subscribe to our newsletters & stay updated

Subscribe & Learn More

  • Tw06 2023 cover
    Learn More
  • Pe06 2023 cover
    Learn More
  • Phc06 2023 cover
    Learn More
  • Es 2022
    Learn More
Subscribe

More from PHCP Pros

  • Editorial Team
  • Home
  • Contact Us
  • About
  • Advertise

Follow Us

© 2023 All Rights Reserved

Design, CMS, Hosting & Web Development | ePublishing