Tencarva Machinery acquires Detroit Pump
Tencarva Machinery Co. a Southeast distributor and service provider of flow control and process equipment solutions to industrial and municipal end-markets, has acquired Detroit Pump & Mfg. Co.
Tencarva is backed by Bessemer Investors, LLC, a New York-based investment firm. Financial terms of the transaction were not disclosed.
Based in Warren, Michigan, Detroit Pump is a comprehensive distributor and service provider of process pumping and fluid handling equipment to leading manufacturers and municipalities. The company offers a wide variety of pumps including centrifugal, seal-less, self-priming, and submersible pumps, among others. Detroit Pump’s management team will continue in their same roles under Tencarva.
“Detroit Pump is a value-added service provider with an extensive product offering across the entire state of Michigan," said Tencarva President Ed Pearce. "This acquisition allows Tencarva to enter a new market with like-minded, customer-oriented team members. Detroit Pump further strengthens our position as one of the leading industrial and municipal pump distribution and service companies in the country.”
INDUSTRIAL SUPPLY MAGAZINE
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