Gorman-Rupp to acquire American Turbine Pump

Headquartered in Lubbock, Texas, American Turbine Pump is a group of companies that manufacture and distribute energy-efficient vertical turbine and submersible pumps mainly for agricultural, municipal and industrial markets. American Turbine Pump has two other locations in Houston, Texas and Fresno, California.

Founded in 1975, American Turbine Pump had 2011 revenues of approximately US$15 million.

Jeffrey Gorman, Gorman-Rupp president and CEO, said: “ATP’s strong customer relationships and long history will help expand sales in target growth markets and complement existing brands of National Pump Co, acquired in 2010. In addition, ATP’s facilities will provide substantial additional capacity, including machining and testing capabilities, which will expand business opportunities of both brands.”

The deal should be completed in December 2012.