May River Capital has acquired CECO Environmental Corp.'s Global Pump Solutions division, establishing Tusk Industrial to enhance growth and innovation in high-performance pumping solutions.

Information on the Target

May River Capital has successfully acquired the Global Pump Solutions division of CECO Environmental Corp., which includes the renowned Dean, Fybroc, and Sethco pump brands. This acquisition will lead to the establishment of a new parent company, Tusk Industrial, under which these three respected brands will operate. Tusk Industrial focuses on providing high-performance pumping and fluid handling solutions specifically designed to perform effectively in harsh environments.

Tusk Industrial is engaged in the design, manufacture, and servicing of pumps made from metallic, fiberglass, and thermoplastic materials. These pumps are utilized in various industrial applications that involve high-temperature, corrosive, and caustic environments, such as chemical processing. The company, led by President & General Manager Ming Cheung, boasts a workforce of over 100 employees and serves more than 1,500 customers globally from two operational sites located in Telford, Pennsylvania, and Indianapolis, Indiana.

Industry Overview in the Target’s Specific Country

The industrial pumps market in the United States is robust and continues to grow owing to increasing demand across various sectors, including chemical, oil and gas, and wastewater management. The market is characterized by a trend towards ener