Patterson Pump (Gorman-Rupp) Acquires Morrison Pump Company
November 30, 2016
The Gorman-Rupp Company announced that its wholly-owned subsidiary, Patterson Pump Company, completed an asset purchase of the business of Morrison Pump Company of Hollywood, Florida. Terms were undisclosed; the acquisition is expected to integrate Morrison's product designs and staff into Patterson's manufacturing and international distribution network to accelerate growth in complementary niche markets.
- Buyers
- Patterson Pump Company, The Gorman-Rupp Company
- Targets
- Morrison Pump Company
- Sellers
- Morrison Pump Company
- Industry
- Manufacturing
- Location
- Florida, United States
- Transaction Type
- Buyout
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