Franklin Electric announced its wholly owned distribution segment of the company, Headwater Companies LLC, has acquired Valley Farms Supply Inc. of Lansing, Michigan, for $9 million.
Valley Farms is a professional groundwater distributor operating three locations in Michigan and one in Indiana. Valley Farms has approximately $28 million of consolidated annual sales. Headwater Companies is a collection of groundwater distributors.
“We are pleased to add Valley Farms to the Headwater family,” says DeLancey Davis, president of Headwater Companies. “The team at Valley Farms has built the largest groundwater distribution entity in Michigan by providing contractors with outstanding service and support. Valley Farms gives Headwater a leading market position in the important Michigan groundwater market and further fulfills our objective of being the leading source in groundwater systems distribution in the United States.”