RECENT RELEASESFCX Performance, Inc. Acquires Pierce Pump Company, L.P.
COLUMBUS, OHJan 7, 2013
Columbus, OH-based FCX Performance, Inc. (“FCX”) announced today that it has completed the acquisition of Pierce Pump Company, L.P.
Founded in 1897, Dallas, TX-based Pierce is recognized as a leading distributor of pumps, mechanical seals and compressed air equipment in Dallas and the north Texas market. The company supports its broad product offering with a suite of aftermarket parts and service offerings that provide a total lifecycle solution to its customers. This acquisition further expands FCX’s presence in the fast growing Texas market, which it originally entered in 2010 following the acquisition of Baro Holdings.
“We welcome the employees, customers and vendors of Pierce Pump to the FCX family”, said Charles M. Simon, CEO of FCX Performance, Inc. “We are very impressed by the caliber of the Pierce Pump staff as well as Don and Jim Reece, the former owners of Pierce who will continue to run the newly acquired business on a day to day business. Simon further added “that the two companies have very similar cultures that emphasize customer service, vendor relationships and a focus on providing long-term, rewarding growth opportunities for our associates”.
Charles Hale, FCX President, noted that “Pierce Pump fits perfectly with our strategy of buying quality process flow control distribution and service providers that further expand our served geography and service & solution offerings.” He concluded by adding “that we anticipate closing additional acquisitions in FY 2013 with the support of Harvest Partners, our majority shareholder”.
Based in Columbus, Ohio, FCX is a leading industrial, specialty process flow control distribution company, providing technical, mission-critical products and value-added services to more than 15,000 end users, original equipment manufacturers and engineering and construction firms across the process, energy and high purity industries. Formed in 1999 and with predecessor company histories dating back to 1950, the Company has 24 locations serving 32 states and over 350 employees. FCX has completed 14 strategic acquisitions since inception.
For further information, please contact:
FCX Performance Inc.
Tel: 614 324-6050, ext. 1120