PumpMan Holdings, a portfolio company of New York’s Soundcore Capital Partners, has acquired Folcroft’s Alyan Pump for an undisclosed amount, writes Luisa Beltran for the PE Hub Network.
Alyan Pump provides custom pump packages and pump system installations, as well as installation and repair services for the mid-Atlantic region. It was founded in 1955 and will be the first add-on acquisition for the PumpMan Group.
Following the completion of the acquisition, Alyan will continue to operate under its own 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” said Don Devine, CEO of PumpMan.
Soundcore Capital Partners is a private-equity firm based in New York that specializes in control equity investments.
“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,” said Jarrett Turner, Managing Partner of Soundcore.
Read more about the acquisition of Alyan Pump at the PE Hub Network by clicking here.