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Per sources cited by PE Hub, private equity firm May River Capital plans to launch a sale of wastewater pump manufacturer Industrial Flow Solutions in early 2025, with Baird as sell-side adviser. No deal value has been confirmed.
Industrial Flow Solutions of New Haven, Connecticut agreed to assume global commercial and execution rights for SIDE Industrie's direct in-line DIP Systeme pumping system, which is used in wastewater networks. The deal builds on a 2019 partnership between the two companies.
Industrial Flow Solutions agreed to acquire Dreno Pompe, an Italian maker of electrical submersible wastewater pumps based in Monselice, Padua. Dreno will keep its name and plant in the Veneto region.
Industrial Flow Solutions has acquired Clearwater Controls Ltd, a UK provider of intelligent pump-monitoring and anti-ragging solutions. The deal was reported on December 1, 2021.
Industrial Flow Solutions has moved its three Connecticut facilities under one roof in a 65,000 square-foot factory in New Haven, about 50% larger than its previous sites. The company had committed $385,000 to the New Haven site acquisition with the state Department of Economic Development.
Industrial Flow Solutions, a portfolio company of May River Capital, acquired Stancor LP of Monroe, Connecticut and BJM Pumps of Old Saybrook, Connecticut, in a merger with the sellers Longview Asset Management and Knox Capital. No financial terms were disclosed.
