Generational Capital Markets Advises NORMco Pump & Power in its Sale to Hunter Equity Capital, LLC.
01 July 2024 - 8:42PM
Business Wire
Generational Capital Markets (GCM) Member FINRA/SIPC and a
leading mergers and acquisitions advisor for privately held
businesses, is pleased to announce the outside investment in its
client, NORMco Pump & Power, to Hunter Equity Capital, LLC. The
transaction closed on January 5, 2024.
Located in Shawnee, OK, NORMco Pump & Power (NORMco) is a
manufacturer and specialty renter of portable, industrial pumps
used for water transfer applications.
Founded in 2013 by Nathan and Vera Hanks, NORMco serves a core
customer base made up of the leading water transfer solutions
providers within the Permian Basin. Highly regarded in the industry
and exceptionally responsive to customers’ mission-critical pumping
needs, NORMco differentiates itself by providing reliable equipment
and best-in-class maintenance and field service capabilities. The
business achieved significant growth over the last several years
and was looking for a partner to support the next phase of growth
as NORMco begins to broaden its horizons and serve additional
industries.
Along with Nathan and Vera, Mangrove partnered with Hunter
Equity Capital (“HEC”), an independent sponsor focused on the
equipment rental industry, on the transaction.
Per their announcement of the acquisition, HEC’s Managing
Partner, Douglas Smith, commented, “I am excited to partner with
Mangrove for a third time over the last decade in the specialty
rental space. Together I am confident we are the right team to help
Nathan and Vera scale the business and capitalize on meaningful
growth opportunities at NORMco. Named after Nathan’s late father,
family was at the foundation of NORMco’s culture from its initial
launch and it's critical to maintain that culture while they enter
this exciting next phase. Mangrove’s internal operating team is a
differentiator in this regard and the entire firm shows an uncommon
commitment to helping entrepreneur and family-run businesses build
meaningful value.”
Mr. Hanks will stay on as CEO and maintain a substantial equity
stake in the company. “We are excited to partner with Mangrove and
HEC, as this collaboration presents a fantastic opportunity to
boost our growth,” Nathan said. “Their alignment with our values
was evident, and we believe this partnership will bring even more
success for our team in the future.”
Generational Group Senior Managing Director Mergers &
Acquisitions, Chris Heckert was the lead dealmaker that advised
Nathan and NORMco on the investment. Mr. Heckert was supported by
Vice President, M&A, Nydia Blanco on this deal.
“I am incredibly excited by this partnership; I think the three
teams bring a lot to the table and I can’t wait to see what NORMco
will become with this new partnership,” said Heckert.
Mr. Heckert serves as a Senior Managing Director and Supervising
Principal of Generational Capital Markets.
About Generational Capital Markets, Inc.
Generational Capital Markets, Inc. is a member of FINRA/SIPC.
More information can be found at https://www.gencm.com/.
Generational Capital Markets is part of Generational Group which is
headquartered in Dallas, and is a leading, award winning,
full-service business advisory firm. With more than 350
professionals located throughout 17 offices in North America, the
company helps business owners release the wealth of their business
by providing growth consulting, merger, acquisition, and wealth
management services. The Generational suite of advisory services
includes strategic growth consulting, exit planning education,
business valuation, value enhancement strategies, M&A services,
digital services, and wealth management.
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Jenna Gaston 469-694-8764 jgaston@generational.com