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May River Closes Carve Out, Forms Tusk Industrial

  • 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.

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