Workdry International has expanded into the North American market with the acquisition of regional market-leading U.S. pump rental specialist Holland Pump Co.
Workdry International is the parent company of engineered pump rental solutions and wastewater treatment asset rental providers Selwood, Siltbuster, and Vanderkamp. Catalyst Strategic Advisors LLC acted as exclusive financial adviser to Holland Pump.
The deal is backed by independent fund manager Arcus Infrastructure Partners through Arcus European Infrastructure Fund 3 as Workdry’s majority shareholder. With the acquisition, Workdry immediately establishes a presence in the East and Gulf Coast regions of the U.S., strengthening the combined group’s offering to the infrastructure, construction, municipal, and manufacturing sectors.
Workdry is acquiring the Florida-based business 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 U.S., with more than 1,000 pump assets, 15 locations, and more than 120 employees.
The company has a diversified and long-standing customer base, with its core end markets including municipal water infrastructure, core industrial segments, and broader transport infrastructure across its geographical footprint. Holland Pump has a strong family and entrepreneurial heritage, with the founding family still active in the business, which aligns with Workdry’s history as a family business founded in the United Kingdom in 1946.
This move aligns with Workdry’s strategic expansion goals and follows its acquisition of the leading Dutch engineered pump rental solutions business, Vanderkamp Group, announced earlier this year. It establishes Workdry as a formidable player in engineered pump rental solutions on a global scale. 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 M&A and leveraging its base of operations and Workdry’s expertise and asset solutions to introduce a modular wastewater treatment offering in the U.S. market.
Holland CEO to stay on
Holland Pump CEO, Tom Vossman, will continue to lead the U.S. 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, and 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.
Dan Lee, Group CEO of Workdry International, said: “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.
“I am delighted to welcome Tom and his team into the Workdry family. Our colleagues already know Holland Pump very well, having worked with them over many years to supply Selwood equipment to U.S. customers. We know they share our vision and ambition and have a similarly strategic and acquisitive approach to growth, along with a passion for delivering outstanding solutions through exceptional people.
“Holland Pump brings huge value to the Workdry group, and we are looking forward to further adding to that value through continued investment, using our core business expertise, knowledge and capability to supercharge growth and success on both sides of the pond.”
“We are excited to join the Workdry organization,” said Vossman. “It’s clear we share a common vision for growth and expanding both our footprint and service offering looking into the future. I am very confident this will be a great combination of businesses to grow a global platform with the Workdry team.”
Jordan Cott, partner at Arcus and chair of Workdry, said: “Tom and his management team, together with the support of XPV and Win Blodgett, have built a hugely successful market leader in the U.S. We could not be more pleased that they have decided to partner with us to accelerate their growth trajectory through this next chapter.
“This acquisition continues Workdry’s impressive growth trajectory and opens new exciting opportunities in North America as Workdry continues to expand its mission-critical, rental-based solutions offering to support the maintenance, expansion, and delivery of sustainable water and wastewater infrastructure globally. We will be able to leverage our core rental proposition, including global market-leading engineering expertise and asset innovation, to significantly expand and strengthen HPC’s offering in the U.S. and deepen its relationships with its valued long-standing customers.
“It fits perfectly within the Arcus value-add mid-market strategy of supporting market-leading businesses like Workdry on long-term value creation initiatives and builds on our successful track record of partnering with world-class entrepreneurs and family businesses.”
“We are proud of the growth and success Holland Pump has had over the last several years,” added Sam Saintonge, investment partner with XPV Water Partners. “We are also thrilled to see the company and its team land with Workdry, an organization with great support from Arcus that we have been very impressed with throughout the process.”
Selwood, Siltbuster and Vanderkamp currently deliver rental-based engineered solutions for water handling and wastewater treatment from 25 sites around the UK and Europe, with a fleet of more than 6,000 pump assets and more than 1,000 modular wastewater treatment assets.
Houlihan Lokey Inc. acted as financial advisor to Workdry.
For more information about Workdry see www.workdry.com
