Franklin Electric Co. Inc. announced on January 2 that it has acquired Milan Supply Co. of Mt. Pleasant, Michigan, for $5.9 million. Milan is a professional groundwater distributor operating six locations in the state of Michigan. Milan has approximately $22 million of consolidated annual sales.
DeLancey Davis, president of Headwater Companies, the wholly owned distribution segment of Franklin Electric, commented:
“We are pleased to add Milan Supply to the Headwater family. The team at Milan has served the pump industry and related water resource markets for more than 50 years and has an outstanding reputation with their customers for technical capability and service. The acquisition of Milan adds to Headwater’s commitment to the important Michigan groundwater market and further fulfills our objective of being the leading source in groundwater systems distribution in the United States.”
Headwater Companies LLC is a collection of groundwater distributors.
Franklin Electric is a global provider in the production and marketing of systems and components for the movement of water and fuel.