Janney Served as Financial Advisor to MECO.
Grundfos, a global leader in advanced pump solutions and water technologies, has entered into an agreement to acquire Mechanical Equipment Company, Inc. (MECO), a world leader in the design and manufacturing of engineered products for water purification serving industries where water is considered a critical utility, especially within the Pharmaceutical and Food & Beverage sectors.
The acquisition, which is pending regulatory approvals, will further expand Grundfos’ water treatment capabilities and strengthen Grundfos’ position as a leading global provider of water treatment solutions that address the world’s water and climate challenges and improve the quality of life for people. The transaction is expected to close during the autumn 2021.
Janney Montgomery Scott is serving as the exclusive financial advisor to the seller.
Headquartered in Mandeville, LA, MECO is a world leader in the engineering and manufacturing of water purification solutions for a variety of industries, using a broad array of technologies. The Company offers a full line of water treatment solutions with focus on the industrial market, possessing unique capabilities especially within the Pharmaceutical and Food & Beverage sectors.
For more information on MECO visit www.meco.com.
As a global pump and water solutions company, Grundfos provides expertise in energy- and water efficient solutions and systems for a wide range of applications, including water utility, water treatment, industries, and buildings.
For more information on Grundfos visit www.grundfos.com.