Pressure Right Pty Ltd has been acquired by Pumps United Pty Ltd
The owner of Pressure Right Pty Ltd has sold the company to Pumps United Pty Ltd, a portfolio company of M.H. Carnegie & Co., for US$6.3 million.
Pressure Right is a specialist provider of managed pump and dewatering solutions for the civil and construction industries in Australia. Its core services consist of site dewatering, flow management (sewer bypass) and environmental solutions (water treatment).
Pumps United is a leading provider of water management solutions, serving the civil and construction industries in Australia. With M.H. Carnegie & Co.’s support, Pumps United has consolidated the expertise of several specialist companies, such as Mobile Dewatering, Vortex Hire, Prestige Pump Rentals, MDW Pump Rentals QLD and MDW Environmental Services.
M.H. Carnegie & Co. is an alternative asset manager with approximately US$700 million in assets under management across venture capital, private equity and real estate, currently managing seven funds on behalf of its investors.
Oaklins’ team in Australia advised the seller in this transaction.
Talk to the deal team
Related deals
Tri Fire Limited has been acquired by Phenna Group
The shareholders of fire protection safety consultancy Tri Fire Limited have sold the company to testing, inspection, certification and compliance firm Phenna Group.
Learn moreINNOTEX has been acquired by Clearspring Capital Partners
INNOTEX, a manufacturer of personal protective equipment for firefighters and first responders, has completed a strategic partnership with Clearspring Capital Partners.
Learn moreGARAIO has been acquired by Netrics Group
Netrics Group has acquired GARAIO AG as a wholly owned subsidiary. GARAIO will continue to operate as an independent company under the umbrella of Netrics Group. With this acquisition, Netrics Group is further expanding its leading position as a provider of managed cloud and digital workplace solutions as well as consulting services.
Learn more