BCF Equity Partners exits Hydromarque to WTR Group

We are pleased to announce the end of our successful partnership with Hydromarque, as we exit to the fast-growing WTR Group, headquartered in Sweden.

In 2021, BCF invested in Hydromarque, Europe’s leading distributor for Gorman Rupp specialising in self-priming centrifugal, submersible and gear pumps. The pumps are for applications in sewage transfer, wastewater and aircraft refuelling. Hydromarque also supports the Cornell product range, which consists of hot oil and vegetable product transportation pumps which are mainly supplied to the food industry.

We have focused our growth strategy on the UK water sector with Hydromarque becoming an important supplier to major UK water utility providers. Gorman-Rupp’s self-priming pumps are regarded as world leading in this space and the Company is well placed to benefit from the future £104 billion AMP8 capex commitment, the largest investment programme in water in Europe.

WTR Group is a Swedish headquartered group of companies serving the water and wastewater market in Northern Europe. They are backed by deep technical expertise and years of industry experience.

Hydromarque’s MD Rob Newcombe commented – “thank you Simon, we will miss yours and Tom’s involvement. As a team we have achieved so much in 4 ½ years whilst having a lot of fun on the way”

We would like to thank Ed Wesson and Cam Rothwell of Bishopsgate Corporate Finance for leading the transaction, John Heaphy and Grace Hill of Freeths for legal advice and Peter Hully of Claritas for tax support.