Company Becomes Latest Distributor to Join Headwater Companies
Franklin Electric Co. Inc. has purchased Lubbock, Texas-based Gicon Pumps & Equipment Inc. The $27.9 million cash transaction closed on Dec. 31, 2020. Gicon operates seven locations across Texas.
“We are pleased to add Gicon to the Headwater family,” said DeLancey Davis, president of Headwater Companies, the wholly owned distribution segment of Franklin Electric.