Private equity firm May River Capital completed its acquisition of BJM Pumps LLC, which provides submersible pumps for demanding applications in industrial and municipal/wastewater environments.
The company’s products are used in municipal wastewater, power generation, oil and gas drilling, mining and food/beverage facilities throughout North, Central and South America. The pumps can operate in very demanding and harsh conditions.
BJM Pumps represents the first acquisition that will form an Industrial Pump Platform buildout by May River.
“We have developed a commercial and operational playbook for the Industrial Pump Platform that will deliver above-market organic growth and margin expansion that will require ongoing investment in people, process and production capacity to enable and sustain that growth rate, said Brad Sterner, a member of May River’s Executive Resource Group, who will serve as executive chairman of the Pump Platform as well as interim CEO of BJM Pumps.