Greensboro, NC, August 22, 2022 /PRNewswire/ — Tencarva Machinery Company (“Tencarva” or the “Company”), the Southeast’s leading value-added distributor of flow control and process equipment solutions and services to the industrial and municipal end-markets, announced today that it has acquired Fisher Process Industries (“Fisher Process”), a leading distributor of pumps, valves and process equipment. Fisher Process’ existing management team, including the Chairman Cane fishingWill remain in the company. Tencarva is a portfolio company of Bessemer Investors LLC (“Bessemer”). New York– based investment firm. Financial terms of the transaction were not disclosed.
Ed PierceTencarva’s president said, “Fisher Process Industries has a long track record of success, a skilled management team and strong service capabilities. The partnership adds valves to Tencarva’s product line and gives us access to new markets. Indiana, Kentucky and ohio Strengthening our presence in Georgia. Fisher Process and Fisher Process-South, who will also join us, are the perfect complement to Tencarva’s existing platform, which we plan to continue to expand through strategic acquisitions.”
Headquartered in Loveland, Ohiowith additional locations in the Alpharetta, Georgia, Owensboro, Kentucky, Marietta, Ohioand Indianapolis, IndianaFisher Process serves customers ohio, Indiana, Kentucky, West Virginia and Georgia. Fisher Process offers complete application engineering capabilities and complete maintenance and service centers for rotating equipment and liquid handling equipment at each of its locations.
Mr. Fisher commented, “We are very excited about our partnership with Tencarva, which will allow us to leverage a larger platform as our business grows. Capabilities to improve back-office efficiency as well.”
About Tencarva Machinery Company
Tencarva was founded in Greensboro, North Carolina in 1978 with the mission of providing pumps and related liquid handling equipment to industrial customers. Tencarva has expanded its capabilities, added new suppliers, expanded geographies and expanded its product portfolio, entering the municipal market in 2006. Today, Tencarva employs more than 380 employees at 28 locations in the Southeast, including more than 100 employee shareholders. Tencarva also markets in the Southeast under the following brands: Southern Sales, Saladin Pumps & Equipment, Hudson Pump and equipment, ESSCO Service and Sales, and Uniguard Machine Guards. For more information, please visit https://www.tencarva.com.
About Fisher Process Industry
Fisher is a leading distributor of process industry pumps, valves, and process equipment servicing. ohio, Indiana, Kentucky, West Virginia and Georgia. Located in the headquarters of 30,000 square feet Loveland, OhioFisher Process Industries also has 10,000 square feet of space Alpharetta, Georgia south east cover; Owensboro, Kentucky Cover central and Western Kentucky and Southern Indiana; and Marietta, Ohio cover West Virginia, Southeast Ohioand Eastern Kentucky. All locations offer full application engineering capability and complete maintenance and service centers for rotating equipment and fluid handling equipment. For more information, please visit https://www.fischerprocess.com.
About Bessemer Investors
Bessemer Investor is one New York-based investment firm focused on partnering with middle market businesses to support growth and increase value creation. Bessemer differentiates itself by combining a long-term, flexible capital base with a team of experienced private equity professionals. This approach provides Bessemer’s partners with unique solutions and the flexibility to maximize long-term value. For more information, please visit https://www.bessemerinvestors.com.
Source Bessemer Investors LLC