PumpMan Holdings LLC, a portfolio company of Soundcore Capital Partners LLC, has completed its buy of Alyan Pump LLC. Financial terms weren’t announced. Alyan, of Folcroft, Pennsylvania, provides custom pump packages, pump system installations, maintenance and repair services for the mid-Atlantic region of the US.
NEW YORK, March 30, 2017 — Soundcore Capital Partners, LLC (“Soundcore”), a control-oriented, New York-based private equity firm that invests in lower middle market businesses, announced today that its portfolio company PumpMan Holdings, LLC (“PumpMan”) has completed the acquisition of Alyan Pump, LLC (“Alyan” or “the Company”), a leading provider of custom pump packages, pump system installations, maintenance and repair services for the mid-Atlantic region of the US. Alyan is Soundcore’s first add-on acquisition for its PumpMan platform investment, and the firm’s third acquisition of 2017. Terms of the transaction were not disclosed.
Founded in 1955, Alyan brings over 60 years of superior product quality, reliability and expertise to the design, assembly and installation of pump systems for the commercial, industrial, municipal and residential markets. Additionally, Alyan delivers a complete solution to its customers through its service team which provides post-installation maintenance and repair services. Headquartered in Folcroft, PA, the company will continue to operate under the Alyan name.
“We are delighted to acquire Alyan and to work with its employees and customers to build on the Company’s long history of success. We believe we can provide additional resources and expertise to help accelerate Alyan’s growth and provide greater value to our customers in the future” stated Don Devine, the CEO of PumpMan.
“Since inception, the Company has established an impressive reputation for excellent service and industry expertise. We are excited to welcome Alyan to the PumpMan team, and we look forward to supporting the continuation of their success in this next phase of growth under the management of Don Devine,” stated Feliks Zarotsky, Managing Partner of Soundcore.
“Alyan is an important add-on for PumpMan. The acquisition expands the existing PumpMan footprint to the mid-Atlantic region of the United States, creating a new territory for the business. It aligns with our thesis of becoming the national leader in the pump maintenance and repair industry, and is highly representative of the types of acquisitions we are seeking for PumpMan,” said Jarrett Turner, Managing Partner of Soundcore.
PumpMan Holdings LLC was formed in 2016 following the acquisition of Baldwin Park, CA based PumpMan Inc. (“PumpMan”). With roots dating to 1976, PumpMan is a leader in providing onsite pump system maintenance, repairs and other field services to municipal, commercial, industrial and residential customers. For more information, visit www.pumpman.com
About Soundcore Capital Partners:
Soundcore Capital Partners, LLC (“Soundcore”) 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. The firm partners with exceptional management teams and creates long-term value for investors through a combination of operational improvements, internal growth initiatives, and strategic acquisitions. Soundcore primarily focuses on businesses with revenues that are recurring in nature and that are in fragmented industries with multiple acquisition roll-up opportunities. The firm specializes in proprietary deal sourcing through industry relationships rather than traditional bank auction processes and investment brokers, and seeks businesses whose management team members and / or selling shareholders wish to have a meaningful ownership stake in the newly acquired enterprise. Since inception, Soundcore has acquired 15 companies. For additional information on Soundcore Capital Partners, please visit www.soundcorecap.com
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