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Add-on acquisition · Closed Dec 2021

Franklin Electric subsidiary Headwater Companies acquires Blake Group Holdings for $27.1M

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Relationship map for Franklin Electric subsidiary Headwater Companies acquires Blake Group Holdings for $27.1Mparent ofFranklin Electric Co. Inc.: Operating CompanyFranklin Electric Co.…Blake Group Holdings, Inc.: Operating CompanyBGBlake Group Holdings,…
Operating Company

Parties

Acquirer
Franklin Electric Co. Inc.
Operating Company
Target
Blake Group Holdings, Inc.
Operating Company

Market signals

Deal value$27.1M reported cash consideration as reported by achrnews.com

Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.

Summary

Franklin Electric's wholly owned subsidiary Headwater Companies acquired Blake Group Holdings, a Connecticut groundwater distributor with ~$74M annual sales and 14 northeast locations, for $27.1 million in cash, expanding Headwater's groundwater distribution platform.

Primary source