May River Capital Establishes a New Flow Control Platform, Tusk Industrial
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May River Capital has acquired the Global Pump Solutions business from CECO Environmental Corp., creating a new portfolio company called Tusk Industrial. The acquisition includes three pump brands: Dean, Fybroc, and Sethco. Tusk Industrial specializes in high-performance pumping solutions for industrial environments and currently has over 100 employees serving 1,500 global customers.
April 02, 2025 | 10:15 am
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NEUTRAL IMPACT
CECO Environmental has sold its Global Pump Solutions business to May River Capital, which will operate under the new Tusk Industrial brand. This divestment may impact CECO's revenue and strategic focus.
The sale of a business segment can have mixed implications. While it may reduce immediate revenue, it could help CECO focus on core operations and improve overall financial performance.
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RELEVANCE 80