COLORADO SPRINGS, COLORADO (July 2024) – Catalyst Strategic Advisors recently acted as exclusive financial advisor to Holland Pump Company (“Holland Pump”), a leading US-based independent provider of specialty pump rentals and services, on its sale to Workdry International (“Workdry”), a premier UK-based provider of engineered solutions for water handling and wastewater treatment. The Hart-Scott-Rodino (“HSR”) waiting period for the transaction was recently terminated and the deal is expected to close in early August.
The Holland Pump acquisition provides Workdry with its first entry into the North American water solutions market and supports its strategy to become a leading global engineered pump rental and solutions provider. The Holland Pump management team, led by CEO Tom Vossman, will join Workdry to lead its North American business.
Founded in West Palm Beach, Florida in 1978, Holland Pump has been a leading pump rental and service company in the Florida, East Coast and Gulf Coast markets. The company operates 15 branch locations across seven states (Florida, Texas, Louisiana, New York, Pennsylvania, Maryland, and South Carolina) and serves customers in the municipal water, industrial, and broader transportation infrastructure markets.
Holland Pump is a portfolio company of XPV Water Partners, a Toronto-based investment firm that manages investment capital from some of the world’s top institutional investors and partners with emerging water-related companies to help them rapidly expand and achieve their strategic goals. Since partnering with Holland Pump owner Win Blodgett in 2019, XPV Water Partners facilitated a series of organic and acquisition growth initiatives have made the company one of the largest pure-play pump rental and service providers in the United States.
Founded in 1964, Workdry International is a market-leading water handling and treatment solutions provider, including pump rental and services, in the United Kingdom and European Union through its operating companies Selwood, Siltbuster, and Vanderkamp.
Workdry is a portfolio company of Arcus Infrastructure Partners, an independent fund manager focused on long-term investments in global infrastructure. Arcus invests on behalf of institutional investors through discretionary funds and specialist co-investment vehicles and, through its subsidiaries, currently manages investments with an aggregate enterprise value of approximately €23bn as of 31 March 2024. Arcus targets mid-market, value-add infrastructure investments, with a particular focus on businesses in the digital, transport, logistics, industrials, and energy sectors.
Catalyst Strategic Advisors acted as the exclusive transaction advisor to Holland Pump. This transaction will mark the ninth one closed by Catalyst in 2024.
