Franklin Electric acquires Milan Supply for $5.9 million

Franklin Electric Co. Inc., Fort Wayne, Indiana, introduced it has acquired Milan Supply Co. Of Mt. Pleasant, Michigan, for $five.9 million. Milan is a professional groundwater distributor operating six places in the country of Michigan. Sprinkler Repair

Milan has about $22 million of consolidated annual sales. DeLancey Davis, president of Headwater Cos., the entirely owned Distribution Segment of Franklin Electric, says, “We are pleased to add Milan Supply to the Headwater circle of relatives. The group at Milan has served the pump enterprise and related water aid markets for over 50 years and has an wonderful popularity with their clients for technical capability and provider.”
He adds, “The acquisition of Milan adds to Headwater’s dedication to the critical Michigan groundwater marketplace and similarly fulfills our goal of being the leading source in groundwater structures distribution in the U.S.”
Headwater Cos. LLC is a group of leading groundwater vendors. This collective and vested group is designed to ensure a focused groundwater distribution corporation that promises first-class merchandise and main manufacturers to the industry, supplying contractors with the provision and provider they demand to meet their utility demanding situations. Franklin Electric is a international chief inside the production and advertising of structures and components for the motion of water and gas. Recognized as a technical chief in its services and products, Franklin Electric serves clients around the world in residential, industrial, agricultural, industrial, municipal and fueling packages.