GREENSBORO, NC, August 22, 2022 /PRNewswire/ — Tencarva Machinery Company (“Tencarva” or the “Company”), the Southeast’s leading value-added distributor of flow and process control 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. The existing Fischer Process management team, including the President there is a fisherman, 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.
Ed PearcePresident of Tencarva, said, “Fischer Process Industries has a long history 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 in Indiana, Kentucky AND OHIO strengthening our presence in Georgia. Fischer Process and Fischer Process-South, who will also be joining 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 seats in Alpharetta, Georgia, Owensboro, Kentucky, Marietta, OhioAND Indianapolis, IndianaFischer Process serves customers in OHIO, Indiana, Kentucky, West Virginia AND Georgia. Fischer Process offers complete application engineering capabilities and complete repair and service centers for rotating equipment and fluid handling equipment at each of its locations.
Mr. Fischer commented, “We are very excited about our partnership with Tencarva, which allows us to run a larger platform with the benefit of scale as we grow our business. Tencarva introduces us to a broader customer and vendor base and improves our service capabilities in addition to improving back office efficiency.”
About Tencarva Machinery Company
Tencarva was founded in Greensboro, North Carolina in 1978 with the mission of providing pumps and associated fluid handling equipment to industrial customers. Tencarva has grown its capabilities, added new suppliers, expanded geographies and broadened its product portfolio, entering the municipal market in 2006. Today, Tencarva employs over 380 employees, including over 100 shareholder employees, in 28 locations in the Southeast. Tencarva also markets under the following brands throughout the Southeast: Southern Sales, Saladin Pump & Equipment, Hudson pump & Equipment, ESSCO Service & Sales, and Uniguard Machinery Guard. For more information, please visit https://www.tencarva.com.
About Fischer Process Industries
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 square foot headquarters located in Loveland, OhioFischer Process Industries also has a 10,000 sq. ft. location. ft. Alpharetta, Georgia covering the southeast; Owensboro, Kentucky covering central and Western Kentucky AND Southern Indiana; AND Marietta, Ohio covering West Virginia, Southeast OhioAND Eastern Kentucky. All locations offer full application engineering capabilities and complete repair and service centers for rotating equipment and fluid handling equipment. For more information, please visit https://www.fischerprocess.com.
About Bessemer Investors
Bessemer Investors is one New York– Based investment firm focused on partnering with middle market businesses to support growth and enhance value creation. Bessemer differentiates itself by combining a long-term and flexible capital base with a team of experienced private equity professionals. This approach provides unique solutions to Bessemer partners and flexibility to maximize long-term value. For more information, please visit https://www.bessemerinvestors.com.
Contact:
Joanne Lessner
Lambert
212-222-7436
[email protected]
SOURCE Bessemer Investors LLC