#USA #New York #MidCap Advisors #Pumping Solutions #The Rapid Group

MidCap Advisors Facilitates Strategic Transaction

MidCap Advisors has solidified its position in the investment banking landscape by playing a pivotal role in the successful sale of Pumping Solutions, Inc. to The Rapid Group, a notable portfolio company under the management of Hidden Harbor Capital Partners. This strategic transaction underscores the capabilities and expertise of MidCap Advisors in executing deals involving lower-middle-market companies, a sector where they specialize and excel.

Founded in 1996, Pumping Solutions, based in Clifton, New Jersey, has developed a strong reputation as a provider of pump service, repair, and emergency support tailored for both commercial and residential high-rise projects. Their technical prowess is supported by a fully equipped machine shop and advanced diagnostic tools, driven by an experienced and knowledgeable team that has navigated the complexities of high-rise infrastructure for decades.

According to John Meyers, the Founder and CEO of Pumping Solutions, “MidCap brought a deep understanding of our business, articulated our value clearly, and navigated the process. Their guidance throughout materially improved our result.” This statement reflects the crucial role MidCap Advisors took in ensuring a smooth and beneficial transaction process.

The negotiation and execution stages were led by John Poppe, a Co-Founding Partner at MidCap. He noted that the partnership with The Rapid Group not only enhances the service capabilities of the two entities but also significantly expands their geographic reach while ensuring that they maintain a reputation for responsiveness and technical excellence.

Throughout the engagement, the team at MidCap Advisors worked closely with Pumping Solutions' leadership to grasp the company’s extensive history and culture, as well as its long-term priorities. The Controller of Pumping Solutions, Mary Matzelle, remarked, “MidCap helped structure and present our financials clearly and led the diligence process, supporting management's decisions at critical points.”

With the completion of this transaction, Pumping Solutions will continue to operate under the oversight of its current leadership while benefitting from the extended services offered by The Rapid Group. This approach not only fosters continuity but also presents employees and existing clients with renewed confidence in the enhanced capabilities of the expanded organization.

About Pumping Solutions, Inc.

Pumping Solutions, Inc. is dedicated to delivering top-notch service in the areas of pump service, repair, modernization, and emergency response for high-rise building infrastructures. Their advanced diagnostic abilities and robust technical resources ensure that critical building safety and functionality are maintained.

About The Rapid Group

The Rapid Group, recognized for its comprehensive service offerings in pump and motor repair, caters to a range of clients in water, wastewater, and industrial applications. Its commitment to customer satisfaction remains a top priority.

About Hidden Harbor Capital Partners

As a private equity firm, Hidden Harbor Capital Partners emphasizes operational excellence and strategic execution, possessing a significant portfolio that exceeds $2 billion. Their focus on building businesses through disciplined investment practices continues to drive growth and innovation in their initiatives.

About MidCap Advisors

MidCap Advisors stands out in the field of investment banking by offering M&A advisory and strategic consulting to lower-middle-market enterprises. Their partner-centric approach, combined with deep sector knowledge, enables business owners to maximize value and strategically position themselves for sustained success.

This transaction exemplifies how strategic partnerships and expert guidance can not only facilitate growth but also set the stage for future innovations within the respective industries. The collaboration between Pumping Solutions and The Rapid Group marks a significant step forward in bolstering their service capabilities, ensuring that both companies are well-equipped to meet the evolving demands of their markets.