Tencarva Machinery Company has acquired Fischer Process Industries, a US distributor of pumps, valves and process equipment servicing Ohio, Indiana, Kentucky, West Virginia and Georgia.
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Headquartered in Loveland, Ohio, with extra locations in Alpharetta, Georgia; Owensboro, Kentucky; Marietta, Ohio; and Indianapolis, Indiana, Fischer Process provides full purposes engineering functionality and full repair and repair centres for rotating gear and liquid dealing with gear in every of its locations.
Fischer Process’s existing administration staff, together with president Ken Fischer, will stay with the corporate.
Ed Pearce, president of Tencarva, said: “Fischer Process Industries has an extended observe document of success, a talented administration group and strong service capabilities. The partnership brings the addition of valves to Tencarva’s product line and offers us access to new markets in Indiana, Kentucky and Ohio while bolstering our presence in Georgia. Fischer Process and Fischer Process-South, which may even be a part of us, are the right complement to Tencarva’s current platform, which we plan to continue increasing by way of strategic acquisitions.”
“We’re very excited about our partnership with Tencarva, which allows us to run a bigger platform with the advantage of scale as we develop our business,” mentioned Fischer. “Tencarva introduces us to a broader buyer and vendor base and enhances our service capabilities in addition to enhancing back-office efficiencies.”
Tencarva is a portfolio company of Bessemer Investors LLC, a New York-based funding agency