# Franklin Electric to acquire controlling stakes in three US groundwater distributors for $89M

Franklin Electric is acquiring controlling interests in three US professional groundwater distributors: 2M Co, Western Hydro Holding and Drillers Service Inc. The deal is valued at approximately US$89 million including assumed debt.

- Type: Acquisition
- Announced: 2017-07-18
- Where: United States
- Value: $89.0M
- Status: announced
- Products: groundwater pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Franklin Electric](https://endata.com/companies/1787.md) (acquirer)
- [2M Co](https://endata.com/companies/1788.md) (target)
- [Western Hydro Holding](https://endata.com/companies/1789.md) (target)
- [Drillers Service](https://endata.com/companies/1790.md) (target)

## Sources

- [worldpumps.com](https://www.worldpumps.com/content/news/pumps-mergers-acquisitions-review-q2-2017), 2017-07-18: "Franklin Electric Co Inc is acquiring controlling interests in three distributors in the US professional groundwater market"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.