Transaction Overview
Janney Montgomery Scott served as advisor to Penn Valley Pump Co. Inc. (“PVP”) in its deal to be acquired by Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and life science industrial solutions.
Founded in 1980 and headquartered in Warrington, Pennsylvania, PVP has been developing, improving and manufacturing its Double Disc Pump™ line of positive displacement pumps for use in the municipal, industrial, chemical and food industries. Through continuous research and development, PVP has created a wide range of solids handling pumps that provide unmatched durability, reliability and performance.
Leslie Burrage, the President and CEO of PVP commented on the combination with Ingersoll Rand: “This step in the evolution of PVP is exciting for myself and my business partner, Preston Campbell, and we feel that Ingersoll Rand is the right partner for PVP. We believe that this transaction will be positive for our customers, suppliers and employees”.
About Penn Valley Pump Company, Inc.
Penn Valley Pump Company, Inc., founded in 1980, is a leading manufacturer of specialty positive displacement pumps with their headquarters and manufacturing facility in Warrington, Pennsylvania.
About Ingersoll Rand Inc.
Ingersoll Rand Inc. (NYSE:IR), is a global provider of mission-critical flow creation and life science and industrial solutions.
