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Announced

Completed

Crossplane Capital-backed Griffin Dewatering completed the acquisition of the Pump & Integrity Rental.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

Completed

rental equipment

Majority

Friendly

Equipment Rental

Private

Domestic

Private Equity

Single Bidder

Synopsis

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Crossplane Capital-backed Griffin Dewatering, a construction dewatering services provider, completed the acquisition of the Pump & Integrity Rental, a specialty pump and equipment rental and solutions provider. Financial terms were not disclosed. "The acquisition of Pump & Integrity is an important step in positioning Griffin as a mission critical, comprehensive water management platform with a national footprint. Pump & Integrity brings a talented management team and a fleet of specialized equipment to Griffin that will allow the combined company to provide deep capabilities for both ground and surface water management," Mike Sullivan, Crossplane Capital Partner.

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