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Bessemer-Backed Tencarva Machinery Company Acquires Fischer Process Industries, A Leading Distributor Of Pumps, Valves And Process Equipment

PRIVATEAug 22, 2022

Acquiring Company

Tencarva Machinery Company

Acquired Company

Fischer Process Industries

GreensboroManufacturingmachineryManufacturing

Description

Tencarva Machinery Company ("Tencarva" or the "Company"), the Southeast's premier 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 Fischer Process Industries ("Fischer Process"), a leading distributor of pumps, valves and process equipment. Fischer Process's existing management team, including President Ken Fischer, will remain with the company. Tencarva is a portfolio company of Bessemer Investors LLC ("Bessemer"), a New York-based investment firm. Financial terms of the transaction were not disclosed.

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Company Information

Company

Tencarva Machinery Company

Location

1115 Pleasant Ridge Rd

Greensboro, North Carolina, United States

About

Tencarva was founded in Greensboro, North Carolina in 1978 with the mission of providing pumps and associated liquid handling equipment to industrial customers. Tencarva has increased its capabilities, added new suppliers, expanded geographies and enhanced its product portfolio, entering the municipal market in 2006. Today, Tencarva employs over 380 employees, including over 100 employee shareholders, across 28 locations in the Southeast. Tencarva also goes to market under the following brands throughout the Southeast: Southern Sales, Saladin Pump & Equipment, Hudson Pump & Equipment, ESSCO Service & Sales, and Uniguard Machine Guards. For more information, please visit https://www.tencarva.com.

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Frequently asked

Who acquired Fischer Process Industries?

Fischer Process Industries was acquired by Tencarva Machinery Company, based in Greensboro. The deal was reported on August 22, 2022. Tencarva was founded in Greensboro, North Carolina in 1978 with the mission of providing pumps and associated liquid handling equipment to industrial customers. Tencarva Machinery Company is privately held and operates in Manufacturing.

When did Tencarva Machinery Company acquire Fischer Process Industries?

Tencarva Machinery Company's acquisition of Fischer Process Industries was reported on August 22, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Fischer Process Industries do?

Fischer Process Industries is a leading distributor of pumps, valves, and process equipment servicing Ohio, Indiana, Kentucky, West Virginia and Georgia. With a 30,000 sq. ft. It is privately held, operating in Manufacturing.

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