PumpMan Holdings LLC, a portfolio company of Soundcore Capital Partners, has made two acquisitions: Allison Park, Pennsylvania-based WC Weil, an equipment and systems service provider for municipal water and waste water treatment pumping systems; and Santa Rose, California-based Bartley Pump, which services and repairs well pumps, motors, pressure tanks, filters, valves and controls for commercial, agricultural, and municipal customers throughout the Bay and Napa regions of Northern California. No financial terms were disclosed.
NEW YORK, NY – August 30, 2017 – Soundcore Capital Partners, LLC (“Soundcore” or “SCP”) announced today that its portfolio company, PumpMan Holdings LLC (“PumpMan”), has acquired, in partnership with respective management teams, W.C. Weil Company (“WC Weil” or “WCW”) and Bartley Pump Inc. (“Bartley Pump” or “Bartley”) in separate transactions that simultaneously closed on August 25, 2017. This represents Soundcore’s twentieth and twenty first add-on acquisitions since inception in March 2015.
Headquartered in Allison Park, PA, WC Weil is an equipment and systems service provider for municipal water and waste water treatment pumping systems, offering new equipment sales, training, routine inspection, and other ancillary services to the greater Pittsburgh area. Bartley Pump, headquartered in Santa Rose, CA, services and repairs well pumps, motors, pressure tanks, filters, valves, and controls for commercial, agricultural, and municipal customers throughout the Bay and Napa regions of Northern California.
“Together, WC Weil and Bartley Pump have an excellent reputation for strong operations and management in their respective markets,” said Don Devine, PumpMan’s CEO. “We look forward to working with the teams to continue to deliver quality service to their diverse customer base, accompanied by PumpMan’s extensive knowledge and expertise in the pump maintenance, repair and service industry.”
“We are thrilled to join forces with the teams of both WCW and Bartley to build upon the strong success they have achieved thus far under the management of Greg Madia (WCW) and Don Kaminski (Bartley),” said Jarrett Turner, Managing Partner of Soundcore. “The partnership exemplifies our intense focus of pursuing very healthy investments in highly-fragmented, niche markets. Working closely with Don and the PumpMan team to integrate best practices, our goal is to ultimately grow these family owned and operated businesses to scale through an aggressive buy-and-build approach.”
Feliks Zarotsky, Managing Partner of Soundcore added, “The recent acquisitions of WC Weil and Bartley are important milestones that further increase PumpMan’s market penetration in two additional MSAs.
Soundcore looks forward to continuing to support PumpMan’s growth and success.”
About Soundcore Capital Partners LLC:
Soundcore Capital Partners, 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 and investment brokers rather than traditional bank auction processes, 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 21 companies. For additional information on Soundcore Capital Partners, please visit www.soundcorecap.com
About PumpMan Holdings LLC:
PumpMan Holdings LLC was formed in 2016 following the acquisition of Baldwin Park, California based PumpMan Inc. With roots dating back to 1976, PumpMan provides onsite pump system maintenance, repairs and other field services to municipal, commercial, industrial and residential customers. For more information, visit www.pumpmanholdings.com
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