Franklin Electric acquires controlling interests in three groundwater distributors for $89M

Franklin Electric has acquired controlling interests in 2M Company, Western Hydro Holding Corporation and Drillers Service Inc. for approximately $89 million. The three distributors will operate as Headwater Companies LLC, serving groundwater professionals across the U.S.

“Franklin Electric Co. has acquired controlling interests in 2M Company Inc., Western Hydro Holding Corporation and Drillers Service Inc.”thedriller.com

• 2 sources
• thedriller.comFranklin Electric Buys Stake in Distributors | 2017-04-18 | The DrillerBy: Brock YordyApr 18, 2017
• thedriller.comFranklin Electric, Headwater Focus on Groundwater Contractors | 2017-06-05 | The DrillerJeremy VerduscoJun 5, 2017

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