Capital Pump & Equipment Names Lee Ramer as CEO
Company - People | Feb 10, 2025 | Harkness Capital Partners LP
Harkness Capital Partners, a private equity firm known for investing in service-oriented companies, announced a strategic leadership transition within its portfolio company, Capital Pump & Equipment (CPE). Lee Ramer, who joined as COO in May 2024, will assume the role of CEO effective January 1, 2025, succeeding Tom Henderson. This change is seen as pivotal for CPE's future and growth trajectory. Ramer brings with him a wealth of experience, including senior leadership roles at United Rentals Fluid Solutions and National Pump & Compressor. Capital Pump & Equipment, founded in 2013 and headquartered in Chandler, Arizona, specializes in rental services for various industries, including mining and oil & gas, and has been part of Harkness Capital’s portfolio since August 2022. Harkness Capital is focused on transformational investing in service-based sectors with the goal of building long-term value, leveraging its team of investment and operational experts.
Sectors
- Private Equity
- Specialty Rental Services
Geography
- United States – The main entities, Harkness Capital Partners and Capital Pump & Equipment, are based in the U.S., specifically New York City and Chandler, Arizona, respectively.
Industry
- Private Equity – Harkness Capital Partners is a private equity firm investing in service-oriented companies, including Capital Pump & Equipment.
- Specialty Rental Services – Capital Pump & Equipment operates within this industry, providing rentals and related technical support to multiple sectors like construction and mining.
Financials
- – No specific financial figures such as deal price or target revenue are mentioned in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Capital Pump & Equipment | Target Company | Company | A leading specialty rental services company based in Chandler, Arizona, providing pump equipment and technical services. |
| Harkness Capital Partners | Private Equity Firm | Company | A New York-based private equity firm focused on transforming service-oriented companies. |
| Lee Ramer | Incoming CEO | Person | Transitioning from COO to CEO of Capital Pump & Equipment, bringing extensive experience in operations and leadership. |
| Tom Henderson | Outgoing CEO, Board Member, and Investor | Person | Founder of Capital Pump & Equipment, will continue to serve on the Board and remain an investor. |