Lancaster-based Peak Capital Inc., a private equity firm, has acquired Penn Pump & Equipment Co. Inc., an end-to-end manufacturer and distributor of plumbing and HVAC pumping products.
Penn Pump, headquartered in Hatfield, provides water pressure booster systems, heat transfer packages, variable speed pumping systems, fuel oil pump sets, boiler feed pumps, condensate pumps, sump pumps, sewage lift stations and other custom pumping packages.
“If you’ve washed your hands at the Empire State Building in New York City, the Cleveland Cavaliers’ Rocket Mortgage Fieldhouse or at 1500 Market St. in Philadelphia, that water reached you because of a Penn Pump,” a release said.
Last year Peak Capital also acquired National Energy Control Corp. in Havertown, a distributor of HVAC/R controls and parts, providing same-day shipping to every state.
Peak Capital previously acquired The Cope Company Salt, with its patented AUTOBrine delivery system. Lancaster-based Cope is a distributor of salt products, including water conditioning, ice melt, solar salt and food grade salt.
“The acquisition of Penn Pump adds another value-added product we can offer to our commercial customers,” said Ronald Myer, president of Peak Capital. “Customers have already expressed excitement about being able to buy from a single source when they need pumps, HVAC/R parts, brine delivery systems and salt. It is not often you can put together three companies that each have over 40 years of experience with great reputations and a strong team of employees.”
Paula Wolf is a freelance writer