May River Capital has formed a new industrial flow control platform, Tusk Industrial, by acquiring Global Pump Solutions from CECO Environmental for $110 million.
Tusk Industrial, formerly known as Global Pump Solutions (GPS), designs, manufactures, and services metallic, fiberglass, and thermoplastic pumps for high-temperature and corrosive applications.
May River Capital plans to invest in new products, expand into new markets, and pursue strategic acquisitions to strengthen Tusk Industrial's foundation.
The acquisition enables CECO Environmental to align its portfolio of environmental solution businesses with high growth opportunities in energy and industrial markets.