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

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.

“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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