Add-on Acquisition • Machinery

Workdry International Acquires Holland Pump

On July 17, 2024, Workdry International acquired machinery company Holland Pump from XPV Water Partners

Acquisition Context
  • This is Workdry International’s 1st transaction in the Machinery sector.
  • This is Workdry International’s 1st transaction in the United States.
  • This is Workdry International’s 1st transaction in Florida.

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M&A Deal Summary

Date July 17, 2024
Target Holland Pump
Sector Machinery
Buyer(s) Workdry International
Sellers(s) XPV Water Partners
Deal Type Add-on Acquisition
Advisor(s) Catalyst Strategic Advisors (Financial)

Target Company

Holland Pump

West Palm Beach, Florida, United States
Holland Pump's headquarters in West Palm Beach, Florida.
Holland Pump's headquarters in West Palm Beach, Florida.
Holland Pump is a manufacturer, seller, renter, and servicer of pumps for a wide range of applications including construction, mining, agricultural, horizontal drilling, and bypass pumping. Holland Pump was founded in 1978 and is based in West Palm Beach, Florida.
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Buyer Overview 1

Buyer

Workdry International

Eastleigh, United Kingdom

Category Company
Sector Business Services
DESCRIPTION

Workdry International is a leasing provider of water pump and wastewater treatment assets, marks the first investment for the new Fund. Workdry operates through trading brands Selwood and Siltbuster and serves customers across the water utility, large-scale infrastructure and construction sectors. The Company’s assets are critical to managing the maintenance lifecycle of the UK’s water infrastructure network, supporting the UK’s wastewater treatment network through periods of high demand and maintenance, and for general water displacement needs related to large-scale infrastructure and construction projects. Workdry International is based in Eastleigh, United Kingdom.


Deal Context for Buyer #
Overall 2 of 3
Sector: Machinery 1 of 1
Type: Add-on Acquisition 2 of 3
State: Florida 1 of 2
Country: United States 1 of 2
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-08 Vanderkamp

Zwolle, Netherlands

Vanderkamp provides tailor-made temporary pumping solutions all over the world through state-of-the-art engineering. Vanderkamp is based in Zwolle, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-12 Atlas Dewatering

Port Orange, Florida, United States

Atlas Dewatering is a specialist in wellpoint and drainage installations, including the installation of sock and wellpoint systems, pump rental, and maintenance. Atlas Dewatering is based in Port Orange, Florida.

Buy -

Seller Profile 1

SELLER

XPV Water Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 400M CAD
Size Middle-Market
Type Sector Focused
DESCRIPTION

XPV Water Partners is a specialist investor in businesses connected to and involved in water. The Firm looks to partner with and work alongside entrepreneurs and will consider opportunities throughout North America. XPV Water Partners dates back to 2006 and is based in Toronto, Ontario.


Deal Context for Seller #
Overall 2 of 4
Sector: Machinery 1 of 2
Type: Add-on Acquisition 1 of 3
State: Florida 1 of 1
Country: United States 1 of 3
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Isle Utilities

London, United Kingdom

Isle Utilities is a specialized technology and innovation consultancy focused on the water, energy, and environmental sectors, helping customers identify, evaluate, and implement innovative technologies. Isle Utilities is based in London.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-31 SmartCover Systems

Escondido, California, United States

SmartCover transforms real-time remote infrastructure data into insights helping utility customers minimize OpEx, reduce CapEx, and improve environmental performance. The company's remote monitoring and controls for sewer, lift stations and stormwater infrastructure enable utilities to eliminate overflows, optimize collection system cleaning, minimize H2S odors, accurately identify inflow and infiltration, and efficiently operate pump stations. Its solutions allow users to convert reliable and accurate data into actionable outcomes enhancing performance, reducing costs, and maximizing resources. SmartCover Systems is based in Escondido, California.

Sell $185M