May River Capital Acquires CECO's Global Pump Solutions to Form Tusk Industrial
April 2, 2025
May River Capital has acquired CECO Environmental’s Global Pump Solutions (GPS) business — including the Dean, Fybroc and Sethco pump brands — for an enterprise value of approximately $110 million in cash, closing March 31, 2025. May River will organize the acquired brands under a newly formed platform, Tusk Industrial, and partner with the existing management team to invest in product development, market expansion and potential add-ons; CECO will use proceeds to pay down debt and fund growth initiatives.
- Buyers
- May River Capital
- Targets
- Global Pump Solutions (Dean, Fybroc, Sethco)
- Sellers
- CECO Environmental Corp.
- Industry
- Manufacturing
- Location
- United States
- Transaction Type
- Divestiture
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