Impel Expands with Strategic Acquisition of Pump Dynamics
Deal News | Feb 12, 2025 | Pike Street Capital Partners L
Pike Street Capital, a private equity firm, announced that its portfolio company Impel has acquired Pump Dynamics, a provider of flow management products and services in the US states of Washington, Oregon, and Arizona. This strategic acquisition marks an important expansion for Impel, particularly into the Arizona market, and will diversify its offerings across other regions. Established in 2008 by William Cocks, Pump Dynamics has built a strong reputation and has expanded its presence with offices in multiple states. The company serves the semiconductor industry and is recognized for its capabilities in motor and rotating equipment service and repair, as well as engineered packaged systems. Impel's CEO, Doug Staab, and Pike Street Capital's Partner, Dave Dandel, have expressed optimism about the growth opportunities this new partnership presents, bolstered by the demand in the semiconductor sector. Pike Street Capital has a focus on middle market companies with strong growth potential, and its $237M inaugural fund reflects its commitment to sectors such as industrial technology and business services. Since its inception in 2021, Impel has expanded significantly through strategic acquisitions, encompassing over ten companies in the fluid management industry.
Sectors
- Private Equity
- Fluid Management
- Semiconductor Industry
Geography
- United States – The companies involved, including Impel and Pump Dynamics, are based in the US, and the expansion focuses on states in the western US.
- Arizona – The acquisition signifies a strategic entry and expansion of Impel into the Arizona market.
- Pacific Northwest – Both Pike Street Capital and Impel have historical roots and operations concentrated in this region, with PumpTech being a notable acquisition.
Industry
- Private Equity – Involves investment by Pike Street Capital, a private equity firm, demonstrating active strategic growth via acquisition.
- Fluid Management – Impel specializes in municipal and industrial fluid management solutions, and the acquisition enhances their product offerings.
- Semiconductor Industry – Pump Dynamics serves the semiconductor industry, indicating the relevance of this sector to the acquisition and growth strategies.
Financials
- $237M – The oversubscribed inaugural fund of Pike Street Capital closed in November 2020, supporting its investment strategy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pike Street Capital, LLC | Private Equity Investor | Company | A private equity firm investing in middle market companies with growth potential, and owns Impel. |
| Impel Company | Acquiring Company | Company | A strategic platform in fluid management looking to expand capabilities and geographical presence. |
| Pump Dynamics | Target Company | Company | A provider of flow management products serving Washington, Oregon, and Arizona, now acquired by Impel. |
| Doug Staab | CEO of Impel | Person | Leading Impel and expressing enthusiasm about the strategic growth opportunity. |
| Dave Dandel | Partner at Pike Street Capital | Person | Commented on the significance of the acquisition and its alignment with investment strategies. |