Water resources investor XPV Water Partners announced it has invested in US specialty pump rental and dewatering solutions provider Holland Pump Company.
Holland manufactures, sells, rents and services pumps and related equipment for a range of agricultural, mining, marine and other industrial applications.
The company’s projects are focused in the southeast US, and it has a fleet of diverse speciality pumps and related equipment able to meet complex fluid handling problems. It offers customer support, 24/7 rental equipment monitoring, digital reporting and automatic remote or float start/stop needs.
Commenting on securing the investment, Holland president Win Blodgett said: “XPV shares our vision for future growth and we’re excited to leverage their vast network of industry relationships. After doing our due diligence with XPV, it became clear there was a good basis for a collaborative business proposition, and they were the right partner to help take us to the next level.”
Sam Saintonge, principal at XPV, added: “We were impressed with Holland Pump’s management team, staff and track-record of successful projects where product performance and customer service were critical. We have a common vision to accelerate growth and share a passion for providing environmental solutions to benefit customers now, and in our future.”
XPV Water Partners is a growth equity investor focused on investments in companies involved in the treatment and management of water resources.