Selwood owner acquires US-based Holland Pump

Workdry International, the parent company of UK-based pump specialist Selwood, has expanded into North America with the acquisition of pump specialist Holland Pump. No financial details of the deal has been disclosed.

The deal, which has been backed by independent fund manager Arcus Infrastructure Partners, will see the company add 15 branches across the East and Gulf Coast regions of the US.

It will also add more than 1,000 pump assets to its rental fleet, creating a portfolio of more than 7,000 units. 

Holland Pump will now operate as the North American division of Workdry and will be supported by a “high-growth strategy” that will focus on organic growth in pump rental solutions, further M&A and expanding its offering to include modular wastewater treatment.

Current Holland Pump CEO Tom Vossman will remain in his role and will be tasked with working alongside Workdry’s leadership team to integrate best practices and share expertise across the group in the new phase of growth.

Vossman, who joined Holland Pump in 2019 when XPV acquired the company, has overseen a significant period of growth, adding seven acquisitions including that of Florida-based C&R Distribution last month. 

Workdry said the “strategic purchase” of Holland Pump from its owners XPV will enable it to establish a “market leading presence” in the East and Gulf Coast regions of the US and strengthen the combined group’s offering to the infrastructure, construction, municipal, and manufacturing sectors.

It said that the deal is aligned with its wider strategic expansion goals following its purchase of Netherlands pump rental company Vanderkamp Group back in February. 

Dan Lee, Group CEO of Workdry said the acquisition also gives the company a strong entry point into North America.

He said, “I am delighted to welcome Tom and his team into the Workdry family. Our colleagues already know Holland Pump very well, having worked with them over many years to supply Selwood equipment to US customers.

“We know they share our vision and ambition and have a similarly strategic and acquisitive approach to growth, along with a passion for delivering outstanding solutions through exceptional people.

“Holland Pump brings huge value to the Workdry group, and we are looking forward to further adding to that value through continued investment, using our core business expertise, knowledge and capability to supercharge growth and success on both sides of the pond.”

Vossman added, “We are excited to join the Workdry organisation. It’s clear we share a common vision for growth and expanding both our footprint and service offering looking into the future. I am very confident this will be a great combination of businesses to grow a global platform with the Workdry team.”

Jordan Cott, partner at Arcus and Chair of Workdry, said the acquisition “continues Workdry’s impressive growth trajectory,” adding that it “opens new exciting opportunities in North America as Workdry continues to expand its mission-critical, rental-based solutions offering to support the maintenance, expansion, and delivery of sustainable water and wastewater infrastructure globally.”

He said the company will be able to leverage its core rental proposition, including global market-leading engineering expertise and asset innovation to  expand and strengthen the offering of Holland Pump in the US.

“It fits perfectly within the Arcus value-add mid-market strategy of supporting market-leading businesses like Workdry on long-term value creation initiatives and builds on our successful track record of partnering with world-class entrepreneurs and family businesses,” Cott said.

Houlihan Lokey Inc. acted as financial advisor to Workdry. Catalyst Strategic Advisors LLC acted as exclusive financial adviser to Holland Pump.