PumpMan Socal Incorporated

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PumpMan Socal Incorporated - overview

Established

1976

Location

Saddle Brook, NJ-New Jersey, US

Primary Industry

Power & Utilities

About

PumpMan Socal Incorporated is a US-based company specializing in the maintenance, repair, and installation of crucial components in water and wastewater systems, ensuring efficient management and performance for their clients. Founded in 1976 in Saddle Brook, US, PumpMan Socal Incorporated focuses on onsite water management solutions. The company was established by Boris Tsonev and Piyushkumar Thumar, who brought extensive experience in the industry. In December 2023, Harrington Industrial Plastics, LLC acquired PumpMan from Soundcore Capital Partners and Graycliff Partners.


Financial terms were not disclosed, and four deals have been completed to date. PumpMan specializes in onsite maintenance, repair, and installation of critical components in water and wastewater systems, including pumps, motors, controls, and valves. Their services enhance energy efficiency, reduce water consumption, and improve system performance for a diverse client base that includes industrial, commercial, municipal, and multi-family properties. The firm collaborates closely with property owners, managers, subcontractors, and engineering consultants to deliver tailored solutions that effectively address various challenges in water management across multiple geographical markets in the United States.


PumpMan generates revenue through service contracts and project-based transactions with clients across various sectors. Their business model primarily involves B2B transactions, providing maintenance and repair services, as well as installations directly to property management companies and municipalities. The service agreements include planned maintenance and emergency repair services for critical systems, ensuring consistent revenue flow while helping clients maintain operational reliability in their water systems. Following the acquisition in December 2023, PumpMan plans to broaden its range of products and distribution offerings.


The company is set to expand into new geographic regions, targeting areas that align with Harrington Industrial Plastics’ strategic goals. Specific markets for expansion have yet to be detailed, but the acquisition is expected to facilitate enhanced capabilities in serving clients. The recent acquisition will support these growth initiatives by leveraging Harrington's existing infrastructure and expertise.


Current Investors

Graycliff Partners, Soundcore Capital Partners

Primary Industry

Power & Utilities

Sub Industries

Facilities & Maintenance Services, Water & Sewer Utilities

Website

www.pumpman.com

Company Stage

Mature

Total Amount Raised

Subscriber access only

PumpMan Socal Incorporated - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedPumpMan Socal Incorporated-
RecapitalisationCompletedPumpMan Socal Incorporated-
Add-onCompletedABC Electric Corp.-
Private DebtCompletedPumpMan Socal Incorporated-
Add-onCompletedScott's AZ Electric Motor Repair-

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PumpMan Socal Incorporated - employee data

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