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Tencarva Machinery Company acquires Detroit Pump & Mfg. Co. for expansion into the Upper Midwest

Jan 09, 2025•8 months ago

Acquiring Company

Tencarva Machinery Company

Acquired Company

Detroit Pump & Mfg. Co.

GreensboroWarrenManufacturingManufacturing

Description

Tencarva Machinery Company, backed by Bessemer Investors, has acquired Detroit Pump & Mfg. Co., marking its expansion into the Upper Midwest market. This strategic acquisition allows Tencarva to enter a new market with an extensive product offering and strengthens its position as one of the leading industrial and municipal pump distribution and service companies in the country.

Company Information

Company

Tencarva Machinery Company

Location

Greensboro, North Carolina, United States

About

Tencarva was founded in Greensboro, North Carolina in 1978 with the mission of distributing and servicing pumps and associated liquid handling equipment to industrial customers. Tencarva has increased its capabilities, added new suppliers, expanded geographies and enhanced its product portfolio, entering the municipal market in 2006. Today, Tencarva employs over 580 employees, including over 125 employee shareholders, across 35 locations in the Southeast and Midwest. Tencarva also goes to market under the following brands: Southern Sales, Saladin Pump & Equipment, Hudson Pump & Equipment, ESSCO Service & Sales, Fischer Process, Uniguard Machine Guards, Tri-State Coating & Machine, and Detroit Pump & Mfg.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed