Franklin Electric's Headwater acquires Blake Group Holdings groundwater distributor

Franklin Electric's wholly owned distribution subsidiary Headwater Companies acquired Blake Group Holdings, a 14-location northeast US groundwater distributor with ~$74M annual sales, for $27.1M cash (closed Dec 31, 2021). Adds to Headwater's roll-up of groundwater distributors.

“Franklin Electric Co., Inc. announced that on December 31, 2021 its wholly owned subsidiary Headwater Companies, LLC acquired Blake Group Holdings, Inc., a Connecticut corporation, for $27.1 million in cash. Blake is a groundwater distributor operating fourteen locations throughout the northeast United States. Blake has approximately $74 million of consolidated annual sales.”

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