Franklin Electric adds to Headwater portfolio

Franklin Electric Co Inc’s Headwater Companies LLC has acquired Blake Group Holdings Inc, a Connecticut, USA-based groundwater distribution company, in a US$27.1 million cash deal.

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Blake, which has consolidated annual sales of around US$74 million, operates 14 locations throughout the northeast United States.

Blake has served the pump industry and related water resource markets for over 40 years and has an outstanding reputation within the industry for quality service and technical depth,” said DeLancey Davis, president of Headwater Companies, the Distribution Segment of Franklin Electric. “The acquisition of Blake adds to Headwater’s commitment to the critical groundwater channel, provides geographic expansion in the New York and New England markets and furthers our objective of being the leading source of distribution for water systems solutions in the US.”