Soundcore-backed PumpMan makes two acquisitions


PumpMan Holdings LLC, a portfolio company of Soundcore Capital Partners, has made two separate acquisitions: Phoenix-based Southwest Waterworks Contractors Inc, which designs, installs and repairs commercial and municipal pumps & pump systems; and Healdsburg, California-based Groundwater Pump & Well, Inc, a provider of clean water solutions. No financial terms were disclosed.

PRESS RELEASE

NEW YORK, NY – July 10, 2018 – Soundcore Capital Partners, LLC (“Soundcore”) announced today that its portfolio company PumpMan Holdings, Inc. (“PumpMan”), a leading provider of pump systems, on-site maintenance, and repair services to commercial, industrial, and municipal customers in the United States, has acquired Southwest Waterworks Contractors, Inc. (“Southwest Waterworks”) and Groundwater Pump & Well, Inc. (“Groundwater”) as separate transactions.

Headquartered in Phoenix, AZ, Southwest Waterworks specializes in the design, installation, and repair of commercial and municipal pumps & pump systems. With a footprint spanning the cities of Tucson, Mesa, Buckeye, Peoria, Goodyear, El Mirage, among others, the company has continuously serviced the greater Phoenix metropolitan area and its extensive customer base for over twenty years.

“Phoenix is one of the fastest growing metropolitan areas in the U.S., adding more than a million residents since 2000,” said Donald Devine, President and CEO of PumpMan. “With this rapid growth, there’s a tremendous need for increased capabilities and scale within the water and wastewater industry. We look forward to building on the knowledge and expertise of Southwest Waterworks, and providing the tools and support necessary to enable the company to meet the region’s increased water demands.”

Healdsburg, California-based Groundwater has provided innovative clean water solutions to the residential, commercial, agricultural, water treatment, and well rehabilitation & maintenance industries since 1990.
PumpMan will integrate Groundwater into its Santa Rosa-based Bartley Pump later this year, relocating its employees, equipment, and inventory to Bartley’s location. Together, as part of PumpMan, the Bartley and Groundwater brands will remain active and add “A PumpMan NorCal Company” branding at year-end as an important step in leveraging the legacy of the local companies while joining them to the strength and capabilities of a growing national brand. Customers will continue to receive the same exceptional service from a more capable company.

“The acquisitions of Southwest Waterworks and Groundwater represent great additions to PumpMan’s expanding national footprint,” said Feliks Zarotsky, Managing Partner of Soundcore. Jarrett Turner, Managing Partner of Soundcore, added, “We look forward to continuing to execute on the creation of a national leader in the pump service & repair space.”

About PumpMan Holdings LLC: With roots in Southern California and dating back to 1976, PumpMan currently provides onsite service, repair, parts and expertise to the commercial, municipal and industrial markets in Southern California (PumpMan SoCal), Northern California (Bartley Pump), the Greater Philadelphia area (PumpMan Philly), and the Pittsburgh market (PumpMan Pittsburgh), and the New York
Metro Area (Federal Pump). For more information, visit www.pumpman.com.

About Soundcore Capital Partners: Founded in 2015, Soundcore is a private investment firm specializing in control equity investments and leveraged buyouts of lower middle market North American headquartered businesses. The firm partners with exceptional management teams and creates long-term value for investors through a combination of strategic acquisitions, operational improvements, and internal growth initiatives.

To date, the firm has acquired 30 companies throughout the United States. For additional information on Soundcore Capital Partners, please visit www.soundcorecap.com.