Hicks Equity-backed Standard Industrial Manufacturing to merge with DH Pump.

Standard Industrial Manufacturing Partners merged with DH Pump and Supply, a manufacturer and repairer of nickel and tungsten carbide coated metal plungers. A private equity fund managed by Hicks Equity Partners, the Dallas-based private equity arm of the Thomas O. Hicks family office, initially invested in Standard alongside its former CEO, Jack Sitton. Financial terms of merger were not disclosed. Thomas O. Hicks, Founder and Chairman of HEP, added, “The combination of Standard and DH Pump is a perfect fit. For 40 years, Standard has been a leader in supplying replacement parts for pumps used in production applications. While DH Pump’s history is more limited, its talented team has rapidly established DH Pump as a leading provider of replacement parts for hydraulic fracturing pumps. By combining Standard and DH Pump, Standard will become one of the country’s largest manufacturers and distributors of consumable products used in oil and gas pump applications.”