The acquisition of the water handling and pump rental services provider will give Workdry an established presence in the East and Gulf Coast regions of the US, strengthening the combined group’s offering to the infrastructure, construction, municipal, and manufacturing sectors.
Workdry is acquiring Holland Pump from a shareholder group led by XPV Water Partners. Since taking ownership in 2019, it has supported a series of strategic acquisitions to grow Holland Pump into one of the largest pure-play pump rental and service providers in the US, with over 1,000 pump assets, across 15 locations, and over 120 employees.
The deal is backed by independent fund manager Arcus Infrastructure Partners, through Arcus European Infrastructure Fund 3 as Workdry’s majority shareholder.
This move aligns with Workdry’s strategic expansion goals and follows its acquisition of the Dutch engineered pump rental solutions business, Vanderkamp Group, earlier this year.
Workdry plans to support the existing Holland Pump management team, operating as the North American division of Workdry, in pursuing a high-growth strategy in its core markets, expanding through organic pump rental solutions growth, further mergers and acquisitions and leveraging its base of operations and Workdry’s expertise and asset solutions to introduce a modular wastewater treatment offering in the US market.
Holland Pump CEO, Tom Vossman, will continue to lead the US business, working closely alongside Workdry’s leadership team to integrate best practices and share expertise across the group. Vossman, based in Texas, is an experienced leader in growing manufacturing, infrastructure and asset rental businesses who has delivered Holland Pump’s strategic plan over the past three years. He was appointed after XPV acquired Holland Pump from former owner and president Win Blodgett.
“Our acquisition of Holland Pump brings a well-established and respected business into our group, providing us with a strong entry point into North America which is the largest pump rental market in the world,” said Dan Lee, Group CEO of Workdry International. “Our colleagues already know Holland Pump very well, having worked with them over many years to supply Selwood equipment to US customers.”
