September 28, 2017 | Announcements
GCA Advises Silverfleet Capital on Its Acquisition of Pumpenfabrik Wangen
GCA acted as exclusive financial advisor to Silverfleet Capital, a European private equity firm that specializes in buy-to-build, on its acquisition of Pumpenfabrik Wangen, a leading designer and manufacturer of high quality progressing cavity and twin screw pumps. This transaction represents our 23rd industrials and industrial technology transaction since the start of 2017.
Founded in 1969, Pumpenfabrik Wangen GmbH (“Wangen”) is a market leader in the manufacture of pumps that are suitable for highly viscous or abrasive substances as well as solid-fluid composites. The company offers a broad range of pumps designed and manufactured in house for four key markets: biogas, wastewater treatment, agriculture and food and beverage. Wangen has an international distribution network, supplying clients including the Royal Navy, Schwarzkopf and the Wirtgen Group.
Silverfleet Capital’s investment will enable Wangen to continue to grow internationally, further penetrate the company’s key markets with new product portfolios and diversify across industries using Wangen’s leading technologies and product innovation capabilities. As part of the acquisition, Silverfleet Capital has assembled an experienced management team who will be responsible for executing Wangen’s international growth strategy.
Klaus Maurer, Partner at Silverfleet Capital, said: “Wangen is a clear market leader with a strong product base and R&D focus, operating in an attractive market. We are excited by the prospect of working closely with the management team and using our experience in the sector to help grow the company internationally and enable Wangen to achieve its full potential.”
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