Announced
Completed
Synopsis
Bessemer-backed Tencarva, a company distributing and servicing pumps and associated liquid handling equipment, completed the acquisition of Atlantic Valve, a provider of valves, ductile iron fabrications and fittings. Financial terms were not disclosed. "The addition of Atlantic Valve deepens our municipal coverage in the Southeast and Mid-Atlantic regions, while expanding our line card with leading valve manufacturers. We were impressed both with the Company's high-quality leadership and its technical sales talent, who maintain strong local relationships with contractors, engineering firms and municipalities. This strategic acquisition underscores Tencarva's commitment to being a premier provider of industrial and municipal pump distribution and services across the country," Ed Pearce, Tencarva President.
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