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Industrial Flow Solutions Merges BJM Pumps and Stancor
Friday 15 February 2019

15 February 2019 - US-based investment firm May River Capital, together with Longview Asset Management and Knox Capital Holdings LLC, completed a merger that brings together US pump manufacturer Stancor, L.P. with BJM Pumps LLC, the firm said.

The merged businesses will be a part of Industrial Flow Solutions, a portfolio company of May River Capital, which specialises in the design, manufacturing, sales and service of pumping and fluid management solutions for harsh, rugged environments.

Stancor has more than 30 years of experience designing and manufacturing Electrical Submersible Pumps and pumping controls systems.

The company is headquartered in Monroe, CT with a satellite manufacturing site in Prospect, CT.

Stancor delivers solutions based on integrated pump and control systems, including its popular Oil Minder product.

The company serves building trades, construction, mining, utilities and wastewater customers.

BJM Pumps, based in Old Saybrook, CT, manufactures, sells and services submersible pumps used in industrial and municipal dewatering and wastewater applications. BJM's products are designed for harsh operating environments with heavy solids, abrasives, high temperatures and chemically corrosive fluids.

About Industrial Flow Solutions and May River Capital
Industrial Flow Solutions is a portfolio company of May River Capital, a Chicago-based private-equity firm focused on investing in lower middle-market industrial growth companies.

May River invests in industrial growth businesses, including precision manufacturing, engineered products, specialised industrial services, and value-added industrial distribution businesses.

Knox Capital was created to provide capital and hands-on operating resources for founder and entrepreneur-owned middle market businesses. Knox operates under flexible investment horizons through private investors that are focused on the long-term.

Longview Asset Management is an investment firm that oversees direct public and private investments on behalf of individuals, trusts, and charitable foundations associated with a private family. Longview's investments span a range of industries, including health care, manufacturing, aerospace, software, and business and financial services.

Founded in 1985, Stancor, L.P., has more than 30 years of experience providing innovative pumping solutions for a variety of demanding applications.

Stancor's comprehensive product portfolio serves a range of markets including construction, industrial processing, utilities and wastewater.

Paul Hastings LLP served as legal counsel to May River and Industrial Flow Solutions, while Vedder Price P.C. served as legal counsel to Knox Capital Holdings LLC (financial sponsor to Stancor), Stancor and Longview Asset Management.
Details
Date Published: 15/02/2019
Target: Stancor, L.P. with BJM Pumps
Country: USA
Sector: Machinery/Engineering
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: May River Capital, Longview Asset Management and,  Knox Capital
Buyer Advisor: Paul Hastings , Vedder Price
Comment:
Terms of the deal were not disclosed

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