May River Capital establishes new flow control platform

May River Capital, the Chicago-based private equity firm that has acquired Ceco Environmental Corp’s Global Pump Solutions business, has formed a new portfolio company – Tusk Industrial – bringing together the Dean, Fybroc and Sethco pump brands.

Pipelines and valves in a modern chemical plant facility
Pipelines and valves in a modern chemical plant facility - Image © nordroden - stock.adobe.com.

Tusk Industrial designs, manufactures, and services metallic, fiberglass, and thermoplastic pumps for usage within a diverse range of high-temperature, corrosive, and caustic industrial environments, including chemical processing applications. The business has more than 100 employees serving over 1,500 customers globally across two locations in Telford, Pennsylvania and Indianapolis, Indiana.

"Partnering with May River marks an exciting milestone for our company," said Ming Cheung, president & GM of Tusk Industrial. "This partnership unlocks incredible opportunities to supercharge our growth, expand our capabilities, and deliver even greater value to our customers. It's an exciting time for our employees, customers, and partners as we take Tusk Industrial to new heights." Cheung and the broader Tusk Industrial management team will continue to lead the organization under May River ownership.

Pat St John, managing director of May River, said: "Tusk Industrial is a standout business with significant growth potential, and we're excited to partner with management to drive its continued success. With our deep expertise in building businesses within the flow control sector, we are committed to investing in new products, expanding into new markets, and pursuing strategic acquisitions – all with the goal of strengthening Tusk Industrial's foundation and, most importantly, delivering greater value to its customer base."