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Tree Line Capital Provides $26MM in Growth Capital to PumpMan

December 12, 2018, 07:00 AM
Filed Under: Environmental Services

Tree Line Capital Partners, LLC, a direct lender focused on flexible financings for borrowers in the lower middle market, provided a $26,000,000 first lien credit facility consisting of a funded term loan, a delayed  draw term loan, and revolver to support PumpMan Holdings, LLC’s  future platform acquisitions and growth initiatives. PumpMan is a portfolio company of Soundcore Capital Partners.

Dating back to 1976, PumpMan is a leading nationwide provider of pump service and repair. The Company focuses on serving the needs of pump end-users to optimize the performance and reliability of their pumping systems. With roots in Southern California, PumpMan provides onsite service, repair, parts and expertise to the commercial, municipal and industrial markets in Southern California, Northern California, Philadelphia, Phoenix, Pittsburgh, and the New York Metro Area. PumpMan seeks to expand its service network by acquiring well established pump sales, service and repair companies in major markets in North America.

“We’re excited to begin our partnership with Tree Line,” said Soundcore’s Managing Partner Feliks Zarotsky. “Tree Line’s creative structuring and flexible capital solution will be instrumental to PumpMan’s strategy of acquiring and integrating pump service and repair companies across North America. We look forward to continuing to build our relationship with Tree Line.”

Frank Cupido, Partner of Tree Line added, “The investment in PumpMan highlights Tree Line’s ability to provide a tailored debt structure to facilitate near-term and future acquisitions for a growing platform. Tree Line is thrilled to have completed our first deal with the team at Soundcore and are excited to partner with the PumpMan management team as they continue to grow the platform across North America.”

 

 





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