2M, Western Hydro, Drillers Service to Operate as Headwater Companies
Franklin Electric Co. has acquired controlling interests in 2M Company Inc., Western Hydro Holding Corporation and Drillers Service Inc. The three groundwater product distributors will operate under the name Headwater Companies LLC, serving groundwater professionals across the United States.
“By forward integrating into distribution in the U.S., Franklin Electric is taking a logical next step in our evolution as a groundwater pumping systems company,” says Franklin Electric Chairman and CEO Gregg Sengstack. “This action places Franklin Electric shoulder to shoulder with the key decision makers in this end market — distributors and the installing contractors. The Headwater Companies will continue to operate as full line wholesale distributors with a focus on total water systems support, including products from all industry manufacturers. Headwater will maintain a laser focus on supporting the professional installing contractor.”