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NEW YORK, Dec. 5, 2023 ~ Soundcore Capital Partners, a New York-based private equity firm, has announced the successful completion of the sale of PumpMan Holdings, LLC to Harrington Industrial Plastics LLC, a portfolio company of Bain Capital Private Equity.
PumpMan is a national leader in the service, sales, maintenance and repair of water and wastewater pumping systems throughout North America. Headquartered in Saddle Brook, NJ, PumpMan provides pump systems and on-site maintenance & repair services for commercial, industrial and municipal water pump systems in the United States.
Don Devine, CEO of Pumpman said: "It was a pleasure to partner with Soundcore Capital Partners in building PumpMan. Our partnership enabled us to build a strong company comprised of great people dedicated to solving our customers' problems in the water and wastewater industries."
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Soundcore initially invested in PumpMan in September 2016 after beginning with a Fresh Idea that turned into a compelling thesis after careful qualification and validation work. During Soundcore's holding period, through proactive initiatives including capital expenditures, accretive acquisitions, procurement activities and other organic growth initiatives, PumpMan successfully grew into a leading pump services platform. Soundcore oversaw 14 acquisitions and entered major markets including Northern California, Los Angeles County, San Diego County, Phoenix, Pittsburgh, Philadelphia Denver St. Louis and New York.
Jarrett Turner Founder and Managing Partner of Soundcore said: "We are proud of our partnership with the PumpMan management team which successfully executed on Soundcore's platform creation strategy which includes a mix of inorganic and organic growth. We are pleased with the outcome for our investors. PumpMan is well-positioned for continued growth and we wish them success."
Financial terms of the transaction were not disclosed but BMO Capital Markets served as financial advisor while Squire Patton Boggs LLP served as legal counsel to PumpMan.
PumpMan is a national leader in the service, sales, maintenance and repair of water and wastewater pumping systems throughout North America. Headquartered in Saddle Brook, NJ, PumpMan provides pump systems and on-site maintenance & repair services for commercial, industrial and municipal water pump systems in the United States.
Don Devine, CEO of Pumpman said: "It was a pleasure to partner with Soundcore Capital Partners in building PumpMan. Our partnership enabled us to build a strong company comprised of great people dedicated to solving our customers' problems in the water and wastewater industries."
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Soundcore initially invested in PumpMan in September 2016 after beginning with a Fresh Idea that turned into a compelling thesis after careful qualification and validation work. During Soundcore's holding period, through proactive initiatives including capital expenditures, accretive acquisitions, procurement activities and other organic growth initiatives, PumpMan successfully grew into a leading pump services platform. Soundcore oversaw 14 acquisitions and entered major markets including Northern California, Los Angeles County, San Diego County, Phoenix, Pittsburgh, Philadelphia Denver St. Louis and New York.
Jarrett Turner Founder and Managing Partner of Soundcore said: "We are proud of our partnership with the PumpMan management team which successfully executed on Soundcore's platform creation strategy which includes a mix of inorganic and organic growth. We are pleased with the outcome for our investors. PumpMan is well-positioned for continued growth and we wish them success."
Financial terms of the transaction were not disclosed but BMO Capital Markets served as financial advisor while Squire Patton Boggs LLP served as legal counsel to PumpMan.
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