Machinery Services Co. and Rapid Pump Acquire Delta-Electro Power
September 20, 2023
Machinery Services Co. and Rapid Pump & Meter Service Co. (a Hidden Harbor Capital Partners portfolio company) acquired Delta-Electro Power, Inc., a Cranston, Rhode Island-based provider of motor, pump, controls and electrical contracting services. The transaction is an add-on for Rapid Pump that expands its geographic footprint into Rhode Island and Massachusetts and broadens its service capabilities; Delta's management will remain involved and LBC Credit Partners provided financing.
- Buyers
- Machinery Services Co., Rapid Pump & Meter Service Co., Hidden Harbor Capital Partners
- Targets
- Delta-Electro Power, Inc.
- Platforms
- Rapid Pump & Meter Service Co.
- Industry
- Industrial Services
- Location
- Rhode Island, United States
- Transaction Type
- Addon
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