CHICAGO - May River Capital, together with Longview Asset Management and Knox Capital Holdings LLC, completed a merger that brings together Stancor, L.P. with BJM Pumps LLC. The merged businesses will be a part of Industrial Flow Solutions, a portfolio company of May River Capital, which specializes in the design, manufacturing, sales and service of pumping and fluid management solutions for harsh, rugged environments.
Stancor has more than 30 years of experience designing and manufacturing electrical submersible pumps (ESPs) and pumping controls systems. The company is headquartered in Monroe, Connecticut, with a satellite manufacturing site in Prospect, Connecticut. Stancor delivers solutions based on integrated pump and control systems. The company serves building trades, construction, mining, utilities and wastewater customers.
BJM Pumps, based in Old Saybrook, Connecticut, manufactures, sells and services submersible pumps used in industrial and municipal dewatering and wastewater applications. BJM’s products are designed for harsh operating environments with heavy solids, abrasives, high temperatures and chemically corrosive fluids.
“These two companies offer differentiated yet complementary products and technologies that will benefit the other,” said Chris Stevens, CEO of Industrial Flow Solutions. “We look forward to bringing the strengths of both organizations to bear in the market and accelerate our ability to solve customer problems with their wastewater and pumping challenges.”
“I look forward to building upon the strong foundations we’ve laid at Stancor and BJM to extend our reach to new customers and markets. I’m especially excited to work with the BJM and IFS teams to build a powerful new business,” said Bill Tipton, who will lead the combined companies in Connecticut as president.
Paul Hastings LLP served as legal counsel to May River and Industrial Flow Solutions, while Vedder Price P.C. served as legal counsel to Knox Capital Holdings LLC (financial sponsor to Stancor), Stancor and Longview Asset Management.