Pumpman Case Study
“We were amazed and delighted Ascend was able to find us that “right buyer” who was willing to pay so much more than what consistently seemed to be the top pricing in the market.”
~Eric Skjarstad
PumpMan is a leading provider of ONSITE maintenance, repair and replacement of pumps, motors, controls, valves, water wells and other equipment used in the water and wastewater systems of industry, offices, multi-family residential and municipalities and is serving locations throughout the US. We sold this company to an East Coast Private Equity Group, who entered our process late in the game, but paid a premium over what appeared to be top of the market pricing.
The final price on which the deal was closed was 20% higher than any of the other prospective buyers. The reason for the premium was because we were able to locate this preeminent buyer who was backed with over $300 million and who wanted to execute a strategic roll-up in this industrial water sector. This happened because we NEVER stop marketing throughout the entire process.
This process took approximately one year from engagement to completion. We helped the company prepare and then positioned, marketed and assisted in compiling and/or reviewing all necessary documentation. Our ability to guide our seller from inception to closing facilitated a deal that closed significantly above the originally anticipated price.
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