Tencarva Machinery acquires Atlantic Valve & Equipment
Tencarva Machinery Company, a value-added distributor and service provider of flow control and process equipment solutions to industrial and municipal end-markets, announced it has acquired Atlantic Valve & Equipment.
Atlantic Valve is a manufacturer’s representative for leading valve brands serving the municipal and industrial water/wastewater markets of Virginia, North Carolina, South Carolina, Maryland, Washington, D.C. and West Virginia. Tencarva is backed by Bessemer Investors, LLC (“Bessemer”), a New York-based investment firm. Financial terms of the transaction were not disclosed.
Headquartered in Richmond, Virgina, Atlantic Valve provides gate valves, butterfly valves, plug valves, hydraulic/electric control valves, and ductile iron fabrications and fittings, from brands such as Kennedy Valve, Clow Valve, M&H Valve, ITT Fabri, Onyx Valve, Ross Valve, McWane Ductile, Tyler Union and Clearwater Manufacturing. Atlantic Valve’s management team will continue in their roles under Tencarva.
“The addition of Atlantic Valve deepens our municipal coverage in the Southeast and Mid-Atlantic regions, while expanding our line card with leading valve manufacturers," said Tencarva President Ed Pearce. "We were impressed both with the company’s high-quality leadership and its technical sales talent, who maintain strong local relationships with contractors, engineering firms and municipalities. This strategic acquisition underscores Tencarva’s commitment to being a premier provider of industrial and municipal pump distribution and services across the country.”
INDUSTRIAL SUPPLY MAGAZINE
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