BCF Equity Partners are delighted to announce their latest investment in the Peterborough based pump distributor, Hydromarque. This is a business where BCF have known the management team for nearly 10 years and we are look forward to helping the team in their next chapter of growth.
Hydromarque is an exclusive UK distributor of Gorman-Rupp, Cornell and Wallwin pumps used across a number of sectors including food production, fuel transfer and waste-water management.
The acquisition was part-funded through a £1.4m commercial loan from Shawbrook Bank.
Following the acquisition, BCF is now looking to significantly grow the business by expanding its sales team and increasing market share as the pump industry moves away from submersible products towards above ground pumps. Established in 1987, Hydromarque Ltd is a privately owned business which was the subject of a management buy-out by its current management team in 2013.
In addition to being an exclusive UK distributor of Gorman-Rupp, Cornell & Wallwin Pumps, the business also specialises in technical pump assistance and system design, pump set drawings, in-house repairs and training of operators and maintenance staff.
Rob Newcombe, Managing Director of Hydromarque Ltd, said:
“We are delighted to have gained the support of BCF Equity Partners as we look to take the next step in the Hydromarque journey. We have high ambitions to grow the business and bringing on board a professional investor to support that will add real value to those efforts. The industry is moving away from submersible pumps towards above ground pumps and this will drive further growth for Hydromarque. In addition, the UK water industry has committed to spending £51bn in the next five years on improvements to UK sewage and water infrastructure and with businesses in the food industry announcing post-Brexit plans to source more produce from UK-based companies the outlook is extremely healthy.
Coupled with both of those situations, the growing environmental concern remains and companies will be looking to increase the recycling of water – which in turn drives further opportunity for Hydromarque. Through the support from BCF, we are in prime position to take advantage.