M&A Deal Summary

Harrington Acquires PumpMan

On December 4, 2023, Harrington acquired business services company PumpMan from Graycliff Partners

Acquisition Highlights
  • This is Harrington’s 1st transaction in the Business Services sector.
  • This is Harrington’s 4th transaction in the United States.
  • This is Harrington’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2023-12-04
Target PumpMan
Sector Business Services
Buyer(s) Harrington
Sellers(s) Graycliff Partners
Deal Type Add-on Acquisition

Target

PumpMan

Saddle Brook, New Jersey, United States
website
PumpMan is a provider of pump system maintenance, repair, and new system installation. PumpMan serves more than 2,700 customers in the municipal, commercial, industrial, and residential markets across Southern California. To make sure pump systems continue to be reliable and efficient, PumpMan offers Planned Maintenance Programs. PumpMan was founded in 1997 and is based in Saddle Brook, California.

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Buyer(S) 1

Buyer

Harrington

Chino, California, United States

website


Category Company
Founded 1959
Sector Distribution
DESCRIPTION

Harrington is a distributor of industrial products for corrosive and high-purity applications. The company distributes and fabricates products that move fluids in corrosive and high-purity process applications. Products include thermoplastic pipes, valves, fittings, tanks, tubing and hose, pumps, filtration, and instrumentation. Harrington was formed in 1959 and is based in Chino, California.


DEAL STATS #
Overall 4 of 4
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (New Jersey) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-24 Crist

Woodland, California, United States

Crist is a specialty fabricator of critical fluid process components and assemblies with a focus on the semiconductor end market and applications in other markets including medical. The company's highly technical fabrication capabilities include infrared fusion welding, hot gas welding, ultrasonic welding, CNC machining, laser drilling and etching, precision flaring, and clean room preparation and packaging. Crist was formed in 2000 and is based in Woodland, California.

Buy -

Seller(S) 1

SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 32 of 34
Sector (Business Services) 5 of 5
Type (Add-on Acquisition) 16 of 16
State (New Jersey) 3 of 3
Country (United States) 29 of 31
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 XCEL NDT

Longview, Texas, United States

XCEL NDT is a provider of non-destructive testing services for critical infrastructure assets in the petrochemical, pipeline and general industrial industries. XCEL NDT was founded in 2012 and is based in Longview, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 Phaedon

Minneapolis, Minnesota, United States

Phaedon is a provider of technology-enabled consumer engagement, loyalty, communication, and brand strategy services. The company is headlined by a proprietary loyalty technology platform, tally, extensive data & analytics capabilities, and long-tenured relationships with a diverse group of Fortune 100 clients, including world-renowned brands in the travel and hospitality, consumer goods, and healthcare verticals. Phaedon is based in Minneapolis, Minnesota.

Buy -