Delancey Davis on acquisitions
From Headwater Companies' DeLancey Davis Discusses Business and 2021 Outlook | NGWA: Industry Connected · · National Ground Water Association
“Guycon has been a great fit for us from that profile; they're also a terrific ad culturally, they really do fit right in with our group and really looking forward to continue to reinvest in the business.”
On , Delancey Davis, Vice President & President of Headwater Companies at FRANKLIN ELECTRIC CO INC, spoke about acquisitions during Headwater Companies' DeLancey Davis Discusses Business and 2021 Outlook | NGWA: Industry Connected on National Ground Water Association.
About Delancey Davis
In a September 2021 interview with the National Ground Water Association, DeLancey Davis, President of Headwater Companies LLC, discussed the company's recent acquisition of Guycon Pumps and Equipment Inc. and its outlook. Davis stated that Headwater Companies focuses on "reinvesting in groundwater" and seeks to acquire companies that share that vision and need a succession option, describing Guycon as a "great fit" culturally. He noted that Texas is a "fantastic market" and that the acquisition provides a footprint in the municipal, commercial, and industrial sectors. Davis said that Headwater Companies was "more prepared than most" for pandemic conditions due to existing investments in IT solutions for inventory and ordering. He stated that the company followed state, local, and federal guidelines but did not anticipate any permanent adaptations from the pandemic, adding that "our business is a people business" and that virtual transactions are a temporary measure. Davis reported that water well contractors have been very busy and are seeking relief in finding and retaining help. He projected that Headwater Companies would continue to grow both organically and through acquisition, citing favorable market conditions driven by urban migration and demand for water services.