May River Capital, a Chicago-based small market private equity firm focused on industrial growth companies, has completed its acquisition of BJM Pumps, LLC, an Old Saybrook, CT-based provider of submersible pumps.
The terms of the deal were not disclosed.
Led by President Ron Woodward, BJM Pumps provides submersible pumps for demanding applications in industrial and municipal/wastewater environments, along with “dewatering” tasks in mining, construction, fire-damaged sites and power generation pumping. The company’s products are used widely in municipal wastewater, power generation, oil & gas drilling, mining and food/beverage facilities throughout North, Central and South America.
The company specializes in operating in very demanding and harsh conditions, with pumps ranging from 1/6th to 125 horsepower and constructed of corrosion resistant 316 CAST Stainless steel, non-metallic Noryl, abrasion resistant Hi-Chrome iron and more common Cast Iron materials.
The investments will enable BJM Pumps to accelerate its growth.
BJM Pumps represents the first acquisition that will form a new Industrial Pump Platform build out by May River. Brad Sterner, a member of May River’s Executive Resource Group, will serve as Executive Chairman of the Pump Platform as well as interim CEO of BJM Pumps.