# Annovi Reverberi Group acquires 95% stake in Ace Pump Corp.

Italian pump maker Annovi Reverberi Group announced on June 15, 2018 that it acquired a 95% stake in Ace Pump Corp., a Memphis, Tennessee manufacturer of agricultural and off-highway pumps. CEO Andy Randle keeps the remaining 5%.

- Type: Acquisition
- Announced: 2018-06-15
- Where: Memphis, Tennessee, United States
- Status: announced
- Products: hydraulic pumps, centrifugal pumps, agricultural pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Annovi Reverberi Group](https://endata.com/companies/3447.md) (acquirer)
- [Ace Pump Corp.](https://endata.com/companies/3448.md) (target)

## Sources

- [precisionfarmingdealer.com](https://www.precisionfarmingdealer.com/articles/3448-annovi-reverberi-group-announces-acquisition-of-95-stake-in-ace-pump-corp), 2018-06-15: "Annovi Reverberi Group ... announced the acquisition of a 95% stake in Ace Pump Corp."
- [worldpumps.com](https://www.worldpumps.com/content/news/pumps-mergers-acquisitions-review-q2-2018), 2018-07-17: "Italy's Annovi Reverberi Group took a 95% stake in Ace Pump Corp, a US manufacturer of pump solutions for agricultural and off-highway applications."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.