The Rapid Group acquires Pumping Solutions, enhancing its service capabilities and market reach in the competitive water and wastewater services industry in New Jersey and New York.

Information on the Target

The Rapid Group ("TRG"), a portfolio company of Hidden Harbor Capital Partners, has successfully acquired Pumping Solutions, Inc. ("Pumping Solutions"), a highly regarded provider of pump services headquartered in Clifton, New Jersey. Established in 1996, Pumping Solutions specializes in pump service, repair, and emergency support for both commercial and residential high-rise buildings. The company is known for its commitment to quality and has garnered a robust reputation over the years due to its skilled technicians who are trained in contemporary pump repair technologies and equipped to provide full machine-shop capabilities, field diagnostics, and comprehensive system upgrades.

Pumping Solutions' management team will continue to oversee daily operations post-acquisition, integrating their expertise into The Rapid Group’s broader operational framework. Founder John Meyers expressed enthusiasm about the transition, emphasizing the importance of responsiveness and technical proficiency to their customer base. The acquisition significantly enhances TRG’s presence in the Northern New Jersey and New York Metropolitan markets, particularly among esteemed real estate owners and developers.

Industry Overview in the Target’s Specific Country

The water and wastewater services industry in the United States plays a critical role in maintaining public health and environmental sustainability. With a growing population and increasing urbanization, the deman