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SOURCE PumpMan Holdings
Acquisition Extends Pump System, Service and Repair Business from New York to Philadelphia
SADDLE BROOK, N.J., Jan. 3, 2018 /PRNewswire/ -- PumpMan Holdings, a Soundcore Capital Partners, LLC portfolio company, successfully completed the acquisition of the assets of Brooklyn, New York-based Federal Pump. Serving New York City's five boroughs and parts of New York State for over 90 years, Federal Pump manufactures pump systems and provides service & repair in the metro area.
Leveraging the acquired assets of the company, PumpMan Holdings aims to re-establish Federal Pump as a leading pump systems and service & repair company serving the commercial, industrial, and municipal markets in the Tri-state area.
"This acquisition is an extremely important piece of growing PumpMan into a national service and repair business," said Donald Devine, President and CEO of PumpMan Holdings. "With Alyan Pump in Philadelphia and the addition of Federal Pump in New York, PumpMan's service and repair footprint now covers a large portion of the Northeast Corridor, allowing us to address our customers' needs quickly and efficiently."
Post-close, Christopher Murtagh, President of Federal Pump, will serve in the same role and lead the new company. As part of PumpMan Holdings, the new company will operate under the Federal Pump brand, providing customers with exceptional products and service to maintain and repair all pump makes and models.
"The acquisition of Federal Pump provides a wealth of growth and opportunity," said Murtagh. "Federal Pump's longstanding presence in the New York market opens the door for opportunity, backed by the resources of a nationwide pump system, service and repair company to help accelerate our growth."
About PumpMan Holdings LLC
PumpMan Holdings LLC was formed in 2016 following the acquisition of Baldwin Park, California based PumpMan Inc. Dating back to 1976, PumpMan provides onsite pump system maintenance, repairs and other field services to municipal, commercial, industrial, and residential customers in Southern California, Northern California with Bartley Pump, the Greater Philadelphia area through Alyan Pump Company, and the Pittsburgh market with W.C. Weil Company. For more information, visit www.pumpmanholdings.com.
About Soundcore Capital Partners LLC
Soundcore Capital Partners, LLC, founded in 2015, is a New York City-based private investment firm specializing in control equity investments and leveraged buyouts of lower middle market North American (US or Canada) headquartered businesses. For more information, visit www.soundcorecap.com.
PumpMan Holdings LLC
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