GREENSBORO, N.C. – Tencarva Machinery Company (“Tencarva” or “the Company”), has announced that it has acquired Detroit Pump & Mfg. Co. (“Detroit Pump”). Tencarva is backed by Bessemer Investors, LLC (“Bessemer”), a New York-based investment firm. Financial terms of the transaction were not disclosed.
Based in Warren, Michigan, Detroit Pump is a comprehensive distributor and service provider of process pumping and fluid handling equipment to leading manufacturers and municipalities. The company offers a wide variety of pumps including centrifugal, seal-less, self-priming and submersible pumps, among others. Detroit Pump’s management team will continue in their same roles under Tencarva.
Ed Pearce, president of Tencarva, said, “Detroit Pump is a value-added service provider with an extensive product offering across the entire state of Michigan. This acquisition allows Tencarva to enter a new market with like-minded, customer-oriented team members. Detroit Pump further strengthens our position as one of the leading industrial and municipal pump distribution and service companies in the country.”
“Detroit Pump is a great fit for Tencarva’s strategy, which is focused on expanding selectively through top-tier, engineering-focused sales and service talent,” added Bohdan Tyshynsky, principal at Bessemer. “We’re excited to continue supporting the Tencarva team as they steer the Company into new geographies and markets, while maintaining the best-in-class reputation the team has built over many years.”