PumpTech Acquires Frost Engineering Service Company NW
Frost Engineering integration with PumpTech to bring increased product and service capabilities
Seattle, Wash. – June 7, 2022 – Pike Street Capital, LLC (Pike Street) portfolio company PumpTech LLC (“PumpTech”) announced the acquisition of Frost Engineering Service Company - Northwest (“Frost Engineering”), a provider of industrial engineering solutions for the oil and gas, petrochemical, manufacturing, and other industries. Frost Engineering brings extensive expertise in instrumentation and control solutions, complementing PumpTech’s current line of pump, process, and environmental products and services.
“There are tremendous synergies between the two companies,” said Doug Staab, PumpTech Board Member and an industry veteran in the Flow Management space. “Frost Engineering and PumpTech serve a similar type of customer across adjacent markets. All of these customers can benefit from the combined products and services we’re now able to offer, which will lead to growth for both companies.”
Founded in 1954, Frost Engineering is a trusted supplier and integrator of fluid handling systems and associated instrumentation based in Snohomish, WA. With deep expertise in measurement applications, process control, and lubrication systems, the organization delivers proven, industry-specific solutions based on decades of knowledge.
“Frost Engineering is a great addition and aligns perfectly with our strategy to build on the PumpTech platform,” said Dave Dandel, Partner at Pike Street Capital. “We’re excited about this rapidly growing market and plan to accelerate this growth through further acquisitions.”
Pike Street Capital invests in middle-market companies with leading market positions, strong management teams, and discernible growth drivers. The firm targets sectors serving professional customers and B2B growth where it has relevant investing and operating experience, including industrial technology, specialty manufacturing, distribution & logistics, and business services. The firm’s $237M over-subscribed inaugural fund closed in November 2020.
Founded in 1986, PumpTech is a premier distributor of high-quality pumping products and systems in the Pacific Northwest. Bellevue, Washington-based PumpTech also provides services from engineering design to installation and maintenance agreements, with four facilities to cover the entire northwest, including Moses Lake, Washington, Canby, Oregon, and Boise, Idaho in addition to its Bellevue headquarters. More information is available at www.pumptechnw.com.